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July Home Prices See Biggest Yearly Increase Since 2006: CoreLogic

Home prices in July saw the biggest nationwide year-over-year increase since August 2006, CoreLogicreported Tuesday.

According to the company’s July Home Price Index (HPI), home prices-including distressed sales-increased year-over-year by 3.8 percent in July. On a month-over-month basis, prices increased 1.3 percent from June.

July marked the fifth consecutive increase in home prices on both a monthly and yearly basis. Read more…

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