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October 29, 2014
WASHINGTON — U.S. home prices grew more slowly in August amid modest sales, a trend that could help make homes more affordable in the months ahead.
The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, rose 5.6 percent in August from 12 months earlier. That's down from 6.7 percent in July and the smallest gain since November 2012. Home prices were rising at a double-digit pace as recently as March.
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