National home price appreciation in July showed modest growth according to CoreLogic’s July Home Price Index (HPI) report. Compared to the same time last year, including distressed sales, July home prices rose by 7.4%. CoreLogic indicated that July marks the 29th consecutive month of year-over-year price gains. On a month-over-month basis, also including distressed sales, home prices rose by 1.2%.
President and CEO of CoreLogic, Anand Nallathambi, stated, “Home prices continued to march higher across much of the U.S. in July. Most states are reaching price levels not seen since the boom year of 2006. Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues.”
Including distressed sales, Idaho (+4.7%), Montana (+6.5%), Washington (+7.9%) and Wyoming (+2.6%) showed increases in home price appreciation in July compared to a year ago. Read more at http://bit.ly/YcApYp.