As home prices rise 6.2%, sellers’ confidence grows: CoreLogic

As home prices continue to rise, some homeowners are holding off on selling in the hopes of reaping even bigger rewards down the road.

Home prices grew 6.2 percent in July year-over-year, with average single-family homes now commanding $285,700, according to the CoreLogic Home Price Index and Forecast, released Monday. Over the past month, home prices grew by 0.3 percent — a growth trend that has remained unbroken since 2012.

In Washington, Nevada, and Idaho, growth is even more pronounced with home prices in those states growing by more than 10 percent over the past year.

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