Home prices have continued rising across the country despite a slowdown in real estate activity going into 2014. The latest data from June showed that the trend continued into the summer.
Property information provider CoreLogic said that its June CoreLogic Home Price Index (HPI) report showed that home prices increased 7.5% in June 2014 compared to June 2013. This included data from distressed sales, which include short sales and real estate owned (REO) transactions.
U.S. home prices saw their highest gains since February 2006 during the first nine months of 2013, according to new data from the S&P/Case-Shiller Home Price Indices.
The S&P/Case-Shiller 10-City and 20-City Composites were up by 13.6% for the period, versus the first nine months of 2012. Price gains did slow noticeably following the summer selling season: October 2013 saw only a 0.2% gain in these two key composites.