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Home Price Increases Continue at Slower Pace
NEW YORK -- Home prices continued to rise this spring, but the pace of increase has slowed since late last year. The S&P/Case-Shiller home price index, a closely watched measure of home values. posted a 9.3% annual increase in its May reading, down from the 10.8% rate in April. The rate of increase was as high as 13.7% in November before slowing every month since.