Economy
June 24, 2014
Growth in Home Prices Slows in April
Written by Sandy Williams
Home prices on an annual basis slowed more than expected in April according to the S&P/Case Shiller Home Price Indices. Indices for both the 10 and 20-city composites showed an annual gain of 10.8 percent, down from 12.4 percent in March and lower than economist expectations of 11.4 percent. Annual gains were lower in 19 of the 20 cities when compared to March, down by approximately three percent.
Annual indices peaked in November at 13.7 and now appear to be on a downward trend.
