Home prices rose in June 5.7 percent year-over-year, a slight drop from the 5.9 percent rise in prices in May, as CoreLogic tells nationalmortgagenews. The increase over May was 1.1 percent, MHProNews has learned.

Prices for July will increase 5.3 percent year-over-year, and 0.6 percent on a month-over-month basis, CoreLogic has predicted.

“We see prices continuing to increase at a healthy rate over the next year by as much as 5%,” CoreLogic chief executive and president Anand Nallathambi said in a news release.

Oregon and Washington experienced the largest price increases, 10.9 percent and 10.3 percent, respectively, while Connecticut’s home prices slipped 1.7 percent. In New Jersey, prices fell 0.8 percent. ##

Image credit: housingwire–home prices increase)

Article submitted by Matthew J Silver to Daily Business News-MHProNews.