Home-price growth slowed in August, pulling back the annual pace among 20 major US cities to the slowest rate in almost two years, according to data released Tuesday.
Sellers don’t love it when prices slow down, but the trend could lure buyers. Annual price appreciation in the residential market has been tapering since November, as more sellers have placed their homes on the market. In addition, higher mortgage rates and a rough winter hit sales earlier this year.
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