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Home Prices in U.S. Rise at Slowest Pace in Almost Two Years

Home prices in 20 U.S. cities rose in the year ended in July at the slowest pace in almost two years as still-tight credit and limited wage gains weigh on demand.

The S&P/Case-Shiller index of property values increased 6.7 percent from July 2013, the smallest 12-month gain since November 2012, a report from the group showed today in New York. Nationally, prices rose 5.6 percent after a 6.3 percent gain in the year ended June.