Home price growth slowest in 3 years

home_pricesBy Kathleen Madigan | The Wall Street Journal

Home prices in 2014 saw yearly growth slow to the weakest pace in three years, according to a home price report released Tuesday.

The home price index covering the entire nation rose 4.6% in the 12 months ended in December, said the S&P/Case-Shiller Home Price Index report. That is down slightly from 4.7% in November and is the weakest full-year gain since home prices were falling in 2011.

Narrower measures of home prices also showed a small acceleration in December but full-year growth still was the lowest since 2011.

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