Home Price Gains Slow Nationally, But Heat Up in Some Metros

CNBC reports that home prices were up 3.5% year-over-year in April, 0.2% less growth than March.

The 10-city composite, however, began to gain again, rising 2.3% annually, up from 2.2% in the previous month. The 20-city composite rose 2.5% year over year, down from 2.6% in March.

Going locally on the Case-Shiller report, Las Vegas, Phoenix and Tampa, Florida, saw the highest annual gains among the 20 cities in April. Las Vegas prices rose 7.1%, followed by Phoenix with a 6% increase and Tampa with a 5.6% increase. Nine of the 20 cities reported larger annual price increases compared with March.

Read more