More evidence home prices rising more slowly

home_pricesBy Dees Stribling | MHN Online

CoreLogic reported on Tuesday that home prices, including distressed sales, increased 7.4 percent in July 2014 compared with the same month a year earlier. That represents 29 months of consecutive year-over-year increases in home prices nationally, according to the company, but also a slowing down of the rate of increase—as has been the case with other home-price metrics. On a month-over-month basis, home prices increased 1.2 percent in July compared to June, including distressed sales.

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