Home prices had a 19.7% annual gain in May, down from a 20.6% annual gain reported in April, according to the latest S&P CoreLogic Case-Shiller Indices.
The 10-City Composite annual increase was 19.0% and the 20-City Composite annual increase was 20.5%.
“Despite this deceleration, growth rates are still extremely robust, with all three composites at or above the 98th percentile historically,” S&P spokesperson Craig Lazzara stated.
Tampa, Miami and Dallas reported the highest annual gains among the 20 cities, rising 36.1%, 34.0% and 30.8%, respectively.
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