U.S. home prices fell at slower pace in June, Case-Shiller says


The U.S. housing sector's long, slow voyage back to something like health continues. U.S. home prices in 20 cities declined at a 15.4 percent annual pace in June -- a considerably smaller decline than May's annual pace, 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 16.4 percent in June, on a year-over-year basis. The index fell at a 17.1 percent pace in May and 17.9 percent in April.

Further, home prices in the 10-city index declined at a 15.1 percent annual rate in June, compared to a 16.8 percent annual rate in May.

Originally published