Home prices rose 6.9% in July compared to a year ago, according to CoreLogic.
At the same time, home prices rose 1.7% compared to June, according to the CoreLogic
Excluding distressed sales, home prices rose 6.7% on a yearly basis and they rose 1.5% on a monthly basis.
Two states had a decline in home prices on a yearly basis, including distressed sales: Massachusetts and Mississippi. Two states had a decline on a monthly basis, including distressed sales: West Virginia and Vermont.
Distressed sales include short sales and real estate owned transactions.
"Low mortgage rates and stronger consumer confidence are supporting a resurgence in home sales of late," Anand Nallathambi, CoreLogic's CEO, said in a news release.
