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July 29, 2014US S&P/CASE-SHILLER HOME PRICE INDICES, MAY 2014 Data through May 2014, released today by S&P Dow Jones Indices for its S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, showed that the Composite 10-City and Composite 20-City indicators both decreased 0.3% month to month (seasonally adjusted).
On a year-over-year basis the 10-City and 20-City Composites recorded 9.3% gains. 12-month price increases for the two composites have been slowing so far in 2014.
On a city by city basis, Las Vegas showed the highest year-over-year increase (+16.9%), followed by San Francisco (+15.4%) and Miami (+13.2%). While continuing to show positive year over year gains, Cleveland showed the smallest price increase over May 2013 at 2.4 percent.
Source:
S&P Down Jones Indices