U.S. home prices fell at slower pace in May


The U.S. housing sector's long, slow journey back to health continues. U.S. home prices in 20 cities declined at a 17.1 percent annual pace in May -- a smaller decline than April's 18.1 percent fall -- according to the S&P/Case-Shiller U.S. National Home Price Survey.

Economists surveyed by Bloomberg News had expected the S&P/Case-Shiller Home Price Index to fall 17.9 percent in May.