Markets & Economy

US home prices up 5.1 percent in June

3 regions of the country see 7 percent-plus appreciation

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Takeaways: U.S. home prices increased by 5.1 percent year over year in June. The San Francisco Bay Area, Texas and the Northwest have been the driving force behind the overall rise in U.S. home prices. U.S. home prices rose 0.9 percent spanning May to June. 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. The San Francisco Bay Area, Texas and the Northwest have been the driving force behind the overall rise in U.S. home prices. San Francisco and San Jose have seen year-to-year home price increases of 11.9 percent and 14.2 percent, respectively. Just to the east, Sacramento has seen a rise of 7.4 percent. Dallas has been the best-performing market in Texas, experiencing a 9.1 percent spike in prices. Austin f...