CoreLogic July Home Prices Rise 7.4% - Quick Facts

(RTTNews) - CoreLogic (CLGX), a global property information, analytics and data-enabled services provider, released its July CoreLogic Home Price Index or HPI report. Home prices nationwide, including distressed sales, increased 7.4 percent in July 2014 compared to July 2013. This change represents 29 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, rose 1.2 percent in July 2014 compared with last year.

At the state level, including distressed sales, only Arkansas reported a decline in July 2014 with 0.9-percent depreciation. A total of 11 states, plus the District of Columbia, reached new highs in the HPI dating back to January 1976 when the index started. These states are Alaska, Colorado, Iowa, Louisiana, Nebraska, North Dakota, Oklahoma, South Dakota, Tennessee, Texas and Vermont.

Excluding distressed sales, home prices nationally grew 6.8 percent year-on-year in July 2014. Also excluding distressed sales, all 50 states and the District of Columbia showed year-over-year home price appreciation in July. Distressed sales include short sales and real estate owned transactions.