Home-Price Gains Slow in Most U.S. Cities

Home-price gains moderated in most of the U.S. in the second quarter, with appreciation reaching its slowest pace since 2012 as more houses came to the market.

The median price of an existing single-family home rose in 71 percent of the 173 metropolitan areas measured, down from 74 percent in the first quarter, the National Association of Realtors said in a report today. Price growth slowed in 107 markets, said Adam DeSanctis, a spokesman for the group.