Washington Housing Price Gains Now Trail Other Cities

Home prices in the 20 biggest cities rose 2.4 percent from April to May, according to the monthly S&P/Case-Shiller Home Price Index, with a 2 percent monthly gain in the Washington market.

Compared with May 2012, prices in those same 20 cities rose an average of 12.2 percent, nearly double the 6.5 percent annual gain in Washington, according to the report.

The biggest annual gain in prices in May was seen in San Francisco, with prices up 24.5 percent. New York City had the smallest annual gain in home values, at just 3.3 percent.

Read the full report from Washington Business Journal, Jeff Clabaugh here.