US home prices rose at slower pace in September

Published November 26, 2013 3:03pm ET



WASHINGTON (AP) — U.S. home prices rose more slowly in September than in August, a sign that weaker sales are preventing the kinds of sharp price gains that occurred earlier this year.

The Standard & Poor’s/Case-Shiller 20-city home price index rose 0.7 percent from August to September, down from a 1.3 percent gain from July to August. That figure isn’t adjusted for seasonal variations, so the change reflects, in part, slower buying in late summer and fall.

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