A recent report from CNN Money indicates that the prices of homes are still increasing as expected, but the pace has definitely begun to slow.

National home prices rose 6.2% in June of 2014, when compared to last year on the S&P/Case-Shiller national home price index. This is a small gain, especially when compared to September 2013 gains of 10.6%, December 2013 gains of 10.8%, and March 2014 gains of 9.0%.

The 10 and 20 city index's prices rose at a slower year-over-year pace in June most of all, as every city reported lower gains. This is the first time this has happen in more than 6 years.

Housing market data, however, has sent a mixed message. The number of new homes sold dropped in July - for the third month in a row. However, existing home sales rose in July up to an annual rate of 5.15 million units - the highest level in 2014. Similarly, housing starts and builder sentiment have shown positive figures.

What does this mean? According to David Blitzer, spokesman for S&P, states that, "Taken together, these point to a more normal housing sector."

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