Housing Data Shows Slower Price Increases
Two different releases Tuesday morning painted a mixed picture on housing, with the Case-Shiller National Home Price Index gaining just 6.2 percent in June 2014, slower than last month, when the year-over-year price changes for 10-City Composite stood at 7.1 percent nationally.
The Federal Housing Finance Agency (FHFA) showed that U.S. house prices rose just 0.8 percent in the second quarter of 2014, also a significant slowdown from the same period last year.
Shares of SPDR S&P Homebuilders (NYSE: XHB) are little changed, trading 0.19 percent higher at $31.74.
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