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Home selling

US home price gains slow for 4th straight month

US home prices rise at slowest pace in nearly 2 years as sales remain modest
Christopher S. Rugaber, The Associated Press

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 per cent in August from 12 months earlier. That's down from 6.7 per cent 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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