Home Prices In 20 U.s. Cities Rose In June At A Slower Pace – Yahoo Finance

They were up 6.2 percent from June 2013. Better Gauge The year-over-year gauge for the 20 cities, based on records dating back to 2001, provides better indications of trends in prices, the group has said. The panel includes Karl Case and Robert Shiller, the economists who created the index. Residential real estate has yet to bounce back fully from a cold and wet winter that slowed sales early this year. Contracts on new homes fell unexpectedly in July to a 412,000 annualized pace, their weakest level since March, the Commerce Department reported yesterday. http://finance.yahoo.com/news/home-prices-20-u-cities-131121339.html

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