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Home Prices

The housing market cooled significantly in June, report finds

The slowdown in home value appreciation was the largest on record

There’s a bit of good news for people who are hoping to buy a home. The rate at which prices are rising slowed dramatically in June, according to housing data firm Black Knight.

Home prices are already at a record high, and rising mortgage rates have put monthly house payments out of reach for millions of Americans. There were fewer buyers in June as a result, and price gains slowed at the fastest rate on record.

The numbers show that year-over-year home price appreciatio...

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