For the last few years, home prices have consistently risen by five percent each month and year, according to data from CoreLogic.
MarketWatch provided additional insight for the new report, which noted that home prices in June rose 1.1 percent compared to the previous month and 5.7 percent from a year ago. May and April’s year-over-year increases were slightly smaller (5.3 percent and 5.4 percent).
Yearly price gains differ by state. Oregon, Washington, and Colorado experienced increases of 9 percent or higher. Most of the states in the Mountain and Pacific time zones had gains of 5 percent or better. Only two states, New Jersey and Connecticut, had price losses.