U.S. home prices continue to slide, though at a slower rate than in the winter, according to a report from data and valuation firm Clear Capital, released Thursday.
The firm’s Home Data Index fell 2.3 percent on a quarterly basis, compared with a 4.9 percent drop in last month’s report. Clear Capital considers rolling quarters, which means that it compares data in the last four months to the previous three months. In this case, February through May is compared to November through January.
"The latest market report results through May suggest that home prices are starting to ease back from the heavy declines seen over the winter," said Dr. Alex Villacorta, director of research and analytics at Clear Capital, in a statement.