Home Prices Reach the Highest Level Since 2006

Nationwide, home prices increased 3.8% in July 2012 over July 2011. Per CoreLogic’s July Home Price Index, “This was the biggest year-over-year increase since August 2006.” In comparison to June 2012 home prices, July 2012 prices increased by 1.3% and is the fifth consecutive monthly increase in home prices this year.

The five states with the highest appreciation, including distressed sales, were Arizona (+16.6%), Idaho (+10.0%), Utah (+9.3%), South Dakota (+8.3%) and Colorado (+7.3%). The five states with the highest appreciate, excluding distressed sales, included Arizona (+11.3%), Utah (+10.5%), Montana (+9.1%), South Dakota (+8.6%) and North Dakota (+6.9%). http://bit.ly/Nd50gu

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