The strong gains in home prices of the previous two years are cooling down, according to a closely watched gauge, and many economists say that’s a good thing for potential homebuyers struggling to break into the market.
The Standard & Poor’s/Case-Shiller index showed that prices of previously owned, single -family homes rose 0.2 percent nationally in the first quarter from the previous quarter on a non-seasonally-adjusted basis, and 10.3 percent year-over-year.
