June home prices up from last year

Source: The Business Journal

Area home prices continued to increase in June, according to a just-released June home price index report by CoreLogic®, an Irvine-based residential property information, analytics and services provider. In Fresno, home prices, including distressed sales, increased by 13.5 percent in June compared to June 2012. On a month-over-month basis, home prices, including distressed sales, increased by 1.3 percent in June compared to May. Excluding distressed sales, year-over-year prices in Fresno increased by 12.4 percent in June compared to June 2012. On a month-over-month basis, excluding distressed sales, the CoreLogic HPI indicates home prices increased by 1.3 percent in June compared to one month earlier. In Visalia-Porterville, home prices, including distressed sales, increased by 16.8 percent in June compared to June 2012. On a month-over-month basis, home prices, including distressed sales, increased by 2.3 percent in June compared to May. Excluding distressed sales, year-over-year prices in Visalia-Porterville increased by 14.9 percent in June compared to June 2012. On a month-over-month basis, excluding distressed sales, the index indicates home prices decreased by 0.4 percent in June compared to May. In Hanford-Corcoran, home prices, including distressed sales, increased by 15.9 percent in June compared to June 2012. On a month-over-month basis, home prices, including distressed sales, increased by 2.1 percent in June 2013 compared to May. Excluding distressed sales, year-over-year prices in Hanford-Corcoran increased by 10.2 percent in June compared to June 2012. On a month-over-month basis, excluding distressed sales, the index shows home prices increased by 1.5 percent in June compared to May. In Madera-Chowchilla, home prices, including distressed sales, increased by 22.8 percent in June compared to June 2012. On a month-over-month basis, home prices, including distressed sales, increased by 0.8 percent in June compared to May. Excluding distressed sales, year-over-year prices in Madera-Chowchilla increased by 26.6 percent in June compared to June 2012. On a month-over-month basis, excluding distressed sales, the index indicates home prices increased by 4.2 percent in June compared to May.

URL to original article: http://thebusinessjournal.com/news/real-estate/7172-june-home-prices-up-from-last-year

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