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Washington (AFP) — U.S. home price gains slowed sharply in April, providing fresh evidence of a weakness in the housing market recovery, the S&P Case-Shiller index showed Tuesday.

The 20-city index of home prices rose at an annual rate of 10.8 percent in April, following the 12.4 percent growth rate posted for March. Month-over-month, the index rose 1.1 percent.

The slowdown was seen in 19 of the 20 cities, with three California cities — Los Angeles, San Diego, and San Francisco — posting hefty price drops of about three percentage points, year-on-year.

Boston was the only city where the price gains picked up pace.

The slowdown was stronger than expected. Analysts on average estimated the 20-city index would post an annual pace of 11.6 percent.

David Blitzer, chairman of the index committee, said that although the annual gains weakened, the month-over-month numbers were strong.

Five cities — Atlanta, Boston, Chicago, San Francisco, and Seattle — had monthly gains of at least two percent.

“Near-term economic factors favor further gains in housing: mortgage rates are lower than a year ago, the Fed is expected to keep interest rates steady until mid-2015, and the labor market is improving,” he said.

“The question is whether housing will bounce back before the Fed begins to tighten some time next year.”

AFP Photo/ Scott Olson

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Amy Coney Barrett

Photo from Fox 45 Baltimore/ Facebook

Donald Trump will select U.S. Appeals Court Judge Amy Coney Barrett as his Supreme Court pick Saturday, multiple news outlets confirmed with White House officials on Friday — and the outlook couldn't be more bleak for reproductive rights, LGBTQ rights, immigration, and the future of health care in the United States.

According to the New York Times, Trump "will try to force Senate confirmation before Election Day."

"The president met with Judge Barrett at the White House this week and came away impressed with a jurist that leading conservatives told him would be a female Antonin Scalia," the Times reported.

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