MW: U.S. home prices up 1.2% in July, CoreLogic says
WASHINGTON (MarketWatch) -- U.S. home prices rose 1.2% in July to stretch year-on-year gains to 7.4%, CoreLogic said on Tuesday. Excluding distressed sales, the year-on-year gain was 6.8%. "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," said Anand Nallathambi, president and CEO of CoreLogic. From the peak in April 2006, prices have dropped 11.9%. Michigan, at 11.4%, had the fastest state growth, and the Riverside-San Bernandino-Ontario, Calif. metro area had the fastest metro area growth at 13.8%.
