According to the CoreLogic Home Price Index, home prices increased 6.9 percent in July over a year ago, and rose 1.7 percent over June, including distressed sales.

Home prices rose 6.7 percent year-over-year if distressed sales are excluded, and were up 1.5 percent month-over-month, as reported by nationalmortgagenews to MHProNews.

Massachusetts and Mississippi registered a decline in home prices on a yearly basis, including distressed sales, while West Virginia and Vermont saw home prices fall on a monthly basis, also including distressed sales.

“Low mortgage rates and stronger consumer confidence are supporting a resurgence in home sales of late,” Anand Nallathambi, CoreLogic’s CEO, said in a news release. ##

(Image credit: globest)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.