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Home price growth slowed down in June
Prices were up 7.5 percent for the year ended in June, in contrast to the 11.4 percent of June 2013.
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Builders say one thing, economists say another.
Home prices aren’t rising as fast as they did a year ago, Wall Street Journal housing blogger Nick Timiraos reports.
Today’s home prices are not far off their previous peak in April 2007 – immediately before the housing bust.
The foreclosure fade helps explain the eye-popping gains in sales volumes and prices witnessed in 2013.
After two years of aggressive price increases, Toll’s orders declined last quarter when analysts were expecting a gain.
The number of homes listed for sale continued to decline in July, falling by 1.2 percent from June and nearly 18 percent from one year ago.
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