Daily News

Home Prices Up, but Sales Slower

WASHINGTON, D.C. — U.S. home prices rose 8.8% in May compared with a year earlier, but the pace of gains has slowed as more homes have come onto the market, data provider CoreLogic reported this week. On a month-to-month basis, prices rose 1.2% from April to May, but CoreLogic’s monthly figures aren’t adjusted for seasonal patterns, such as warmer weather, which can affect sales. Prices increased the most in western states, including Hawaii, California, and Nevada.