CoreLogic May Homes Index Jump More Than 7%

U.S. home prices rose 7.1% in May compared with the same month a year ago, according to data from CoreLogic released Tuesday in the research firm’s Home Price Insights monthly report. The data include sales of distressed properties. Since the housing market bottomed out in March 2011, the CoreLogic index has risen by 56.8%. As of May, home prices are now 4.8% higher than they were at the April 2006 pre-crash peak.

Source: 24/7 Wall St