Morning Minute: U.S. home prices jumped in July, says Corelogic

U.S. home prices in July climbed 3.8 percent compared to July 2011, the biggest year-over-year gain in six years, according to CoreLogic’s July Home Price Index. CoreLogic’s price index is the third national index to show steady increases, CBS News reports.

In a news release, CoreLogic President and CEO  Anand Nallathambi said that there are indications the summer U.S. housing market will finish on a strong note.

“Although we expect some slowing in price gains over the balance of 2012, we are clearly seeing the light at the end of a very long tunnel.”

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