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Home-Price Gains Slow as Rates Have Risen

Home-price gains slowed for the fourth straight month in July, as higher mortgage rates begin acting as a brake on rapid price growth, offering some welcome respite for buyers.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 6% in July compared with a year earlier, down from a 6.2% year-over-year increase reported in June.

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