U.S. Home Prices Climb 12.4% in July - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

U.S. Home Prices Climb 12.4% in July

Posted:
(Photo: MGN) (Photo: MGN)

LOS ANGELES (AP) - U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market that's 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.

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.

That's helped drive prices higher.

CoreLogic says U.S. home prices are now within 18 percent of their peak levels reached in April of 2006.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Updated: Fire Ruins Historical Hebron Church

    Updated: Fire Ruins Historical Hebron Church

    Tuesday, July 22 2014 3:15 PM EDT2014-07-22 19:15:33 GMT
    Fire has destroyed the historical St. Paul's Episcopal Church located on westbound Route 50 in Hebron.More
    Authorities are investigating a Tuesday fire that destroyed the historical St. Paul's Episcopal Church at the corner of Memory Gardens Lane and Route 50 in Hebron, Md. Preliminary damage is estimated at approximately $500,000.More
  • Two Killed in Del. Crash

    Two Killed in Del. Crash

    Tuesday, July 22 2014 11:45 AM EDT2014-07-22 15:45:19 GMT
    Delaware State Police say two Dover men were killed Monday night after the tow truck they were riding in went off the road and crashed into a telephone pole near Little Creek.More
    Delaware State Police say two Dover men were killed Monday night after the tow truck they were riding in went off the road and crashed into a telephone pole near Little Creek. More
  • Federal Appeals Court Deals Blow to Health Law

    Federal Appeals Court Deals Blow to Health Law

    Tuesday, July 22 2014 11:46 AM EDT2014-07-22 15:46:35 GMT
    A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.More
    A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.More
Powered by WorldNow

All content © Copyright 2000 - 2014 Worldnow and WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service