Home Prices Show Sharp Slowdown

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U.S. home prices continued to rise in the second quarter but showed the biggest slowdown in three decades, federal regulators reported Tuesday.


Average home prices rose 1.17 percent in the April-June period, compared with 3.65 percent in the second quarter of 2005 – the biggest decline in price growth since Office of Federal Housing Enterprise Oversight started keeping track of home prices in 1975, the new report showed.



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