The pace of U.S. home price gains slowed in June from the previous month, but strong appreciation in the West and South kept growth above the two-year average, according to a monthly report.
The S&P CoreLogic Case-Shiller 20-City Composite index rose 5.1 percent year over year, versus expectations for an increase of 5.2 percent. That marked a sequential slowdown from May’s revised 5.3 percent increase.
The June gains were slightly above the 4.8 percent annual pace over the last two years.
