US home prices up 5.1 percent in June

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On a year-over-year basis, U.S. home prices increased by 5.1 percent in June, reaching $252,000. According to a report from Black Knight Financial Services, June’s Home Price Index (HPI) was just 5.8 percent off its June 2006 peak of $268,000 and up 26 percent from the market’s bottom in January 2012.