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U.S. home price growth slowed in October

By Wire Services
Published: December 26, 2018, 6:17pm

WASHINGTON — U.S. home price growth slowed in October, a likely consequence of higher mortgage rates having worsened affordability and causing sales to fall.

The S&P CoreLogic Case-Shiller 20-city home price index rose 5 percent from a year earlier, down from an annual gain of 5.2 percent in September, according to a Wednesday report.

Consumers may get some temporary relief as mortgage rates have declined in recent weeks amid the stock market sell-off.

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