Home prices continue to climb

Home prices in May rose for the fourth straight month on the S&P CoreLogic Case-Shiller home price index, but regional differences are widening.

The gains come despite a sharp jump in mortgage interest rates during the month.

Prices nationally rose 0.7% month to month, seasonally adjusted. The index’s 10-city composite gained 1.1%, and the 20-city composite gained 1%.

Prices nationally were still down 0.5% compared with May 2022, but they are just 1% below their June 2022 peak.

The 10-city composite fell 1%, year over year, slightly less than the 1.1% decrease in the previous month. The 20-city…