Slower growth for US home prices in August

Published October 7, 2014 12:24pm ET



WASHINGTON (AP) — U.S. home prices increased in August, yet the pace of these gains continues to slow, helping to improve affordability for would-be buyers.

Prices rose 6.4 percent in August compared with a year ago, Real estate data provider CoreLogic said Tuesday. That marks a decline from an annual gain of 6.8 percent in July. Home prices had been rising as much as 12 percent yearly toward the end of last year.

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