US Home Prices March Higher In May, Throttling Sales

WASHINGTON (AP) — U.S home prices rose rapidly in May, a trend that is thwarting some would-be buyers and pulling down home sales.
The S&P CoreLogic Case-Shiller 20-city home price index released Tuesday rose 6.5 percent in May from a year earlier. That’s down slightly from April, but is still more than double the increase workers are seeing in their paychecks.
Mortgage rates have also increased, pushing up monthly costs for home buyers even further. Sales of existing homes have