LOS ANGELES — U.S. home prices jumped 12.4 percent in July from a year earlier, reflecting a housing market that’s increasingly favoring sellers amid a tight supply of available homes for sale.
Real estate data provider CoreLo🧔gic said Tuesday that home prices in every state but Delawareဣ climbed on annual basis in July.
Ninety-ni🅘ne of the 100 largest cities reported annual⛄ price gains.
Home prices grew 27 percent in Nevada, to lead a⛎ll states.
CoreLogic also s🔯ays prices rose 1.8 percent from June, the 17th straight month-over-month increase.
C♐onsistent job gains and mortgage rates that are still historically low despite recent upticks are spꦉurring more people to buy homes.
That’s helped drive prices higher.
CoreLogic says U.S. home prices are now within 18 percent of their peak levels reached in April 💦of 2006.