Home prices advance more than expected in May: S&P Cotality Case-Shiller HPI
Complete. Here is the key summaryThe S&P CoreLogic Case-Shiller Home Price Index for 20 cities rose more than expected in May. The seasonally adjusted index increased by 0.2% month-over-month, beating the consensus of 0.0%. The unadjusted 20-city composite gained 0.9% M/M against a 0.6% expectation, while the year-over-year growth stood at 1.6%, exceeding the 1.4% forecast.
May S&P Cotality Case-Shiller Home Price Index for 20 cities, seasonally adjusted: +0.2% M/M vs. 0.0% consensus and 0.0% in April, according to data released on Tuesday. The 20-city composite, unadjusted: +0.9% M/M vs. +0.6% consensus and +1.0% prior. Unadjusted 20-city index: +1.6% Y/Y vs. +1.4% consensus and +1.2% prior (revised from +1.1%). Deve...