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October 1, 2014

Home prices rise at slowest pace in 20 months

  • Investors are pulling back from the housing market and many first-time buyers can’t get mortgages.
    • By CHRISTOPHER S.RUGABER
    AP Economics Writer

    WASHINGTON — U.S. home prices in July increased at the slowest pace in 20 months, reflecting sluggish sales and a greater supply of houses for sale.

    The Standard & Poor’s/Case-Shiller 20-city home price index rose 6.7 percent in July from 12 months earlier. That’s down from an 8.1 percent gain in June and the smallest increase since November 2012.


     
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