Business

US home prices rise at slowest pace in 13 months

By Christopher Rugaber
Published June 24, 2014 1:38pm ET
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US home prices rise at slowest pace in 13 months
FILE- In this March 7, 2014, file photo, a realty sign hangs in front of a home for sale in Orlando, Fla. Standard & Poor's releases the S&P/Case-Shiller index of home prices for April on Tuesday, June 24, 2014. (AP Photo/John Raoux, File) | John Raoux

WASHINGTON (AP) — U.S. home prices rose in April from a year ago at the slowest pace in 13 months, reflecting a recent drop-off in sales.

The Standard & Poor’s/Case-Shiller 20-city home price index rose 10.8 percent in April from 12 months earlier. That’s a healthy gain, but down from 12.4 percent in the previous month and the smallest since March 2013.

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