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Home prices post weakest gain in more than 2 years

10 5
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After years of sellers calling the shots, buyers are regaining leverage, with home price growth now trailing inflation.

The national S&P Cotality Case-Shiller home price index increased 1.5 percent in August from a year earlier, the weakest annual gain in more than two years, according to data released this week.

That's welcome news for prospective buyers who have been up against record prices and elevated mortgage rates but less so for homeowners watching their real equity erode.

"With price growth running at half the rate of inflation and several major........

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