Home prices increased 6.4 percent in May, the same gain registered in April, according to the S&P CoreLogic Case-Shiller Index.
The 10-City Composite annual increase was 6.1 percent, a decline from 6.4 percent in April. The 20-City Composite grew 6.5 percent year-over-year, a drop from 6.7 percent in April.
The price gains continue to be two to three times greater than the inflation rate, according to David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices.
Seattle, Las Vegas and San Francisco reported the highest annual gains among the 20 cities, with increases of 13.6 percent, 12.6 percent and 10.9 percent, respectively.
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