Dive summary:
- CoreLogic, the company that collects and analyzes real estate information, says in a new report that home prices nationally rose by 10% during the first half of this year and that the gain is the highest pace since 1977.
- The company also forecast that prices in July will come in 12.5% higher than July 2012.
- For June, the increase from the previous year was 11%, not counting distressed sales, and 1.8% from May—but still 19% below the April 2006 peak of what turned out to be the bubble market.
From the article:
June marks the 16th consecutive month of year-over-year home price gains. ...
