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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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.