Home Prices Increased in June: Report

Home prices increased in June, even as appreciation slowed, according to a report released Monday from Black Knight.

The Jacksonville, Fla.-based company said its home price index rose 0.8% in June compared to the previous month. Prices were up 5.5% on a year-over-year basis.

Prices were boosted by monthly increase in the country's 40 largest metro areas. Home prices in Reno, Nev., for instance, increased 1.9%, while prices in New Haven, Conn., were up 1.5%.

Average prices across the country, however, remain 10.4% below their peak in June 2006, according to the report.

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