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by CareyBot

Yearly growth in U.S. home prices continued to slow in May, but still remained well above average. The S&P/Case Shiller 20-City Composite Index showed prices rising 9.3 percent year over year in May, down from 10.8 percent in April. Annual price gains slowed in May for all cities tracked by the index besides Charlotte and Tampa. Still, prices climbed 1.1 percent month over month in May, with all 20 cities posting monthly increases for the second straight month. Tampa registered the highest monthly price gain (1.8 percent), followed by San Francisco (1.6 percent) and Chicago (1.5 percent). Phoenix and San Diego were the only cities to show monthly increases of less than 1 percent in May, with gains of 0.4 percent and 0.5 percent, respectively. The picture changes when adjust...