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Published: Tuesday, 9/24/2013 - Updated: 2 years ago


Rise in home prices 
continues, but slows


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.

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