Home prices showed solid gain in August

October 27, 2015 3:28 PM

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WASHINGTON - The U.S. housing sector is shrugging off a slowdown in the economy.

The Standard & Poor's/Case-Shiller 20-city home price index rose 5.1 percent in the 12 months ending in August, according to figures released Tuesday. That's up from a 4.9 percent pace in July.

Also read: US home construction reaches strongest pace in a year

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