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U.S. Home Prices Jump in July

Financial News Network
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September 05, 2012 AT 1:50 PM
A new sign of economic recovery comes today as real estate data provider CoreLogic reports home prices rose 3.8% in July when compared to a year earlier. This jump is the greatest the market has taken since August 2006, when they rose 4.1%. The state with the largest jump in numbers was Utah, seeing a 16.6% boost in home prices. Conversely, states like Alabama, Connecticut and Delaware all saw falls, with the latter seeing the greatest fall of 4.8%.According to the LA Times, the same data provider expects a further rise .6% in August.For more news and analysis follow us on twitter @fnnonline or check out our website at fnno.com.