Real estate price appreciation hits slowest rate since '99 Premium Content

New England home values see weakest growth

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Home-price growth crawled at the slowest rate in the second quarter since fourth-quarter 1999, Freddie Mac reported this week.

The mortgage giant's Conventional Mortgage Home Price Index rose 4.9 percent in the second quarter on an annualized basis, down from a revised first quarter rate of 9.1 percent.

Nationally, home values increased 10.2 percent from second-quarter 2005 through second-quarter 2006, down from the 13.9 percent annual growth seen over the four quarters ended in June 2005, according to the report.

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