Home prices continued to rise in April, but at a slower pace than the previous month, according to the latest S&P/Case Shiller Index report.
The 20-city index rose 4.9 percent year-over-year, though the rate of annual price gains slowed in 11 urban areas.
Read MoreWealthier boomers shun homeownership
"Home prices continue to rise across the country, but the pace is not accelerating," David M. Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, said in a statement. "Moreover, consumer expectations are consistent with the current pace of price increases."
Prices in Denver led the gains, jumping 10.3 percent. San Francisco followed close behind with a 10 percent appreciation in home prices.