Home prices fell from a year earlier in May for the second straight month, as elevated mortgage rates and still-high home prices sidelined buyers.
The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, fell 0.5% in May, compared with a 0.1% decrease the prior month. The annual decline was the largest since 2012.
Compared with the prior month, the index rose 0.7% in May on a seasonally adjusted basis, the fourth straight monthly increase.
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