WASHINGTON (AP) - 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 says 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.
CoreLogic's price index is the third national index 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.
Still, the housing market's recovery is just beginning. Prices are still 27 percent below their peak in April 2006, CoreLogic says.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Home values
Our home value has not risen 1 single penny since last year!
Appears things are starting
Appears things are starting to get better. It will take a long time to recover from the mess the Republicans made while George Bush was in the White House, and, I am pretty sure he was there in 2006 when the decline began.
LOL
um...started in 2006 huh?...might want to check who took control of Congress in 2006...
really
hey guest666
how is that change of 2008 working for you ? Are you getting your share of the wealth.. oh wait if you aren't working you are..
Housing Prices
At least the article is honest when it admits that prices are still down 27% compared to their peak levels.
Really?
Why do I get an email from Zillow every week saying the value of my house has fallen?
Me too
I guess it's because Zillow has no political affiliation