MarketWatch reports that home prices ticked lower by 0.1 percent in September, pulling down annual growth to 5.6 percent.
This growth rate marks the slowest year-over-year pace since September 2012 based on analyses by CoreLogic. A further drop is expected, with annual growth likely to slide to 5 percent in September 2015. The deceleration may encourage more buyers to jump into the market, but will make it longer for equity to rise for owners, including those who are underwater.
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