Home price gains expected to slow in second half of 2013

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Home prices were still showing double-digit year-over-year growth in July, but appreciation is expected to slow in the second half of the year, data aggregator CoreLogic said in releasing its July Home Price Index report.

Nationwide, prices were up 1.7 percent from June to July, and 12.4 percent from a year ago.

The five states with the highest home price appreciation were Nevada (up 27 percent from a year ago), California (23.2 percent), Arizona (17 percent), Wyoming (16.4 percent) and Oregon (15 percent).

Although the index shows home prices have posted year-over-year gains for 17 months in a row, they’re still 18 percent off peaks seen in April 2006. Source: prnewswire.com.