September 17, 2014 Chrisyoung

Home prices rise 6.5 percent in July, CoreLogic reports

The U.S. is on Month 29 of rising home prices. Meanwhile, the Texas housing market has outpaced itself once again, and San Antonio on a steady rise.

These are three takeaways from the latest Home Price Index (HPI) report by Irvine, Calif.-based CoreLogic.

Over the 12 months ended July 31, home prices in the San Antonio/New Braunfels metro increased 6.5 percent.

The San Antonio metro is one of 98 of the top 100 Core Based Statistical Areas (CBSAs) tracked by CoreLogic that posted year-over-year increases in their HPI.

The only exceptions in July were the metros of Worcester, Mass.-Conn.; and Little Rock-North Little Rock-Conway, Ark.

Nationwide, the HPI increased 7.4 percent between July 2013 and July 2014, CoreLogic reports. The July numbers

As for Texas, the Lone Star State once again outperformed itself — reaching a new HPI high of 8.7 percent.

Texas was one of 11 states (including the District of Columbia) that reached new highs for their HPIs.

“Most states are reaching price levels not seen since the boom year of 2006,” says Anand Nallathambi, president and CEO of CoreLogic. “Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues.”

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