Home Prices Rose Less than Expected in April, Survey Says

We apologize, this video has expired.

Breaking News Emails

Get breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.
SUBSCRIBE
/ Source: Reuters

Single-family home prices rose less than expected in April, a closely watched survey said on Tuesday. The S&P/Case-Shiller composite index of 20 metropolitan areas gained 0.2 percent in April on a seasonally adjusted basis. A Reuters poll of economists had forecast a gain of 0.8 percent following gains of 1.2 percent in March. Non-seasonally adjusted prices rose 1.1 percent in the 20 cities, compared to an expectation of a 0.8 percent rise. Prices in the 20 cities rose 10.8 percent year-over-year, shy of expectations for 11.6 percent, the survey said.

Sign up for top Business news direct to your inbox.

We apologize, this video has expired.

IN DEPTH

- Reuters