Home prices rose slightly less than expected in April, yet the gains were roughly in line with the breakneck growth that has fueled concerns about a housing bubble. On a national basis, single-family home prices increased by 5.5% in April, according to the S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions. Low inventory has helped push prices higher as buyers compete over a limited number of homes. An index measuring 20 cities shows that home prices increased an annual 5.7% in April, while a separate 10-city index shows that home prices gained 4.9%. Seasonally adjusted, the national index rose 0.2% in April from the month before, while the 20-city index and 10-city index rose 0.3% and 0.2%, respectively.

Source: Forbes June 27, 2017 13:26 UTC