Home Price Increases Slow in May

New York, NY, July 29, 2014 -- Home prices in May rose 9.4% year-over-year, according to the S&P/Case-Shiller index.

It was the lowest percentage increase since February of last year.

As of May, prices are back to summer 2004 levels. Nevertheless, they're still about 17-18% off 2006 highs.