By Christopher S. Rugaber | AP economics writer
U.S. home prices rose at a slightly slower pace in the 12 months that ended in March, a sign that weak sales have begun to restrain the housing market’s sharp price gains.
Data provider CoreLogic says prices rose 11.1 percent in March compared with March 2013. Though a sizable increase, that was down a bit from February’s 12.2 percent year-over-year increase.
On a month-to-month basis, prices in March rose 1.4 percent from February. But CoreLogic’s month-to-month figures aren’t adjusted for seasonal patterns, such as warmer spring weather.
