The Federal Housing Finance Agency will release data on home prices for April at 9 a.m. ET.
Economists forecast that home prices rose 0.6% month-on-month, down from 0.7% in March, according to Bloomberg.
The prior report showed that prices rose for a 19th straight quarter in Q1, although the pace of appreciation is slowing. During March, the largest gains were recorded in the Pacific region which includes California and Oregon.