US home prices up 5.1 percent in June

LIVE NOW: Inman Connect San Francisco
Tune-in now to catch the livestream. Don't miss this chance to see real estate leaders tackle the industry's top problems.

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.