Economic Buzz: UK Nationwide House Prices Decrease 0.2% In May

UK house prices decreased 0.2 percent on a monthly basis in May, in contrast to an increase of 0.1 percent in April, figures from Nationwide Building Society revealed Thursday. On a yearly basis, house price growth eased to 2.4 percent in May from 2.6 percent a month ago. Prices were expected to gain 3 percent.