Dive Brief:

• Home prices nationally were up 1% in June from May and 7.5% from June 2013, according to data giant CoreLogic Inc.
• The year-over-year change is down from 8.8% in May, and CoreLogic's projection is 5.7% growth from this June to June 2015.
• Nationally, the company says prices in June were 12.9% below their April 2006 all-time high, but data varies widely by state.

Dive Insight:

Home prices in the U.S. appear to be leveling off, based on the CoreLogic data, though no one is predicting a flat cruising altitude.

"The influences of modestly rising inventory and less-than-expected demand are causing price growth to moderate toward our forecasted expectations,” CoreLogic Chief Economist Mark Flemming said. Anand Nallathambi, CoreLogic CEO, said the upward pressure on prices stems from house prices "continuing to rise fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West coasts."