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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