US home prices rise at slowest pace in nearly a year

By Christopher Rugaber, The Associated Press

U.S. home prices rose in July at the slowest pace in 10 months as climbing mortgage rates become a more significant factor for a growing number of prospective buyers.

The S&P CoreLogic Case-Shiller 20-city home price index increased 5.9 percent in July compared with a year earlier, down from a 6.4 percent annual gain the previous month.

ICYMISouthern California homeowners rush to sell as analyst sees ‘new cracks in the market’

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