NEW YORK (Reuters) - Home appreciation in 20 U.S. cities slowed to its weakest level in almost seven years in June, as home price gains continued to cool across the country, data compiled from S&P CoreLogic Case-Shiller released on Tuesday showed.
Home price growth in 20 metro areas increased 2.1% from a year earlier in June, compared with a 2.4% in May. This was the smallest annual increase since August 2012.
Analysts polled by Reuters had forecast a 2.4% year-over-year gain in June.