Home prices weaken but are still much higher than a year ago: S&P Case Shiller

Home prices in June were 18% higher than during the same month last year, according to the S&P CoreLogic Case-Shiller Indices.

That’s a weaker pace than in May of this year, which showed an 19.9% annual gain. The 10-city composite rose 17.4%, down from 19.1% in the previous month. The 20-city composite was 18.6% higher year over year, down from 20.5% in May.

Of the 20 cities, Tampa, Florida, Miami and Dallas saw the highest year-over-year pace in June, with increases of 35%, 33% and 28.2%, respectively. Only one of the 20 cities reported higher price increases in…