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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.

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