WASHINGTON -- U.S. home prices
jumped 3.8 percent in the 12 months ending in July, according to a
private real estate data provider. The year-over-year increase was the
biggest in six years, further evidence that the housing market is
steadily recovering.
CoreLogic said Tuesday that home prices also
rose 1.3 percent in July from June. That's the fifth straight increase
in both the monthly and year-over-year price indexes.
The index is
the third national measure to show steady increases. The Standard &
Poor's/Case-Shiller index posted its first annual increase in nearly
two years last week. And a federal government housing agency has also
reported annual increases.
The states with the biggest gains
according to CoreLogic over the past 12 months were Arizona, Idaho,
Utah, South Dakota and Colorado. In Arizona, prices have risen 16.6
percent since July 2011. Idaho has posted a 10-percent gain in that
time.
More
No comments:
Post a Comment