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View Count: 65 |  Publish Date: September 03, 2013
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US home prices climb 12.4 percent in July
ALEX VEIGA, The Associated PressPosted: Tuesday, September 3, 2013, 7:02 AM
LOS ANGELES (AP) - U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market thats increasingly favoring sellers amid a tight supply of available homes for sale.
Real estate data provider CoreLogic said Tuesday that home prices in every state but Delaware climbed on annual basis in July.
Ninety-nine of the 100 largest cities reported annual price gains.
Home prices grew 27 percent in Nevada, to lead all states. More coverageCoreLogic: Home prices rise 12.4% in July, gains likely to moderate
CoreLogic also says prices rose 1.8 percent from June, the 17th straight month-over-month increase.
Consistent job gains and mortgage rates that are still historically low despite recent upticks are spurring more people to buy homes.
Thats helped drive prices higher.
CoreLogic says U.S. home prices are now within 18 percent of their peak levels reached in April of 2006. ALEX VEIGAThe Associated Press #post2 .pw-icon.ra1-pw-icon-reddit {background: url() 0px 0px no-repeat !important;width: 60px !important;height: 20px !important;margin-right:8px;}#post2 .pw-icon.ra1-pw-icon-email {background: url() 0px 0px no-repeat !important;width: 71px !important;height: 28px !important;}

Time: 14:56  |  News Code: 328819  |  Site: philly.com
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