Home prices jump

Home prices jump

U.S. home prices jumped 3.8% year-over-year, the biggest increase in six years.

CoreLogic said Tuesday that home prices also rose 1.3 percent in July from June. That's the fifth straight increase in both the monthly and year-over-year price indexes.

The housing market has been slowly recovering this year. Sales of new and previously occupied homes are up. Builders are more confident and starting work on more homes. And mortgage rates are near their lowest levels of the past six decades.

Read more at OregonLive.com.

{biztweet}home prices{/biztweet}