Loading…
Monday, July 28, 2014
Current Weather
Loading Current Weather....
Published: Tuesday, 9/24/2013 - Updated: 10 months ago

BUSINESS BRIEF

Rise in home prices 
continues, but slows

BLADE STAFF

Home prices continued to recover in July, although the heady pace of gains in the first half of the year slowed a bit, according to data released Tuesday.

The leveling was not unexpected as more sellers ventured into the market and may have set less ambitious asking prices.

The Standard & Poor’s Case-Shiller home price index, which tracks sales in 20 large cities, showed prices up 12.4 percent from July, 2012, to July, 2013, and a separate index of mortgages backed by Fannie Mae and Freddie Mac showed an 8.8 percent gain in prices over the same time period.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories