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US home price gains slow in June

US home prices rise 8.1 per cent in June; smallest increase in more than 18 months
Josh Boak, The Associated Press

WASHINGTON - U.S. home prices increased at a slower pace in June — a cooldown that could continue for several more months.

The Standard & Poor's/Case-Shiller 20-city home price index rose 8.1 per cent in June from 12 months earlier, according to a Tuesday report. That's down from 9.4 per cent a month earlier and the smallest annual gain since December 2012.

US housing recovery appears to be back on track

Housing recovery accelerates as sales of existing homes rise for a 4th straight month
Christopher S. Rugaber, The Associated Press

WASHINGTON - A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.

Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sales. But Americans are stepping up purchases as more homes have been put up for sale. And low mortgage rates and moderating price gains have made homes more affordable.

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