Home Prices Jump Higher in August

New York, NY, Oct. 2, 2012 -- Home prices jumped 4.6% in August compared with a year ago, the largest year-over-year increase in more than six years, according to CoreLogic, a private real estate data firm.

In addition, the company said that prices rose 0.3% in August from July, the sixth straight monthly gain.

"The housing markets gains are increasingly geographically diverse with only six states continuing to show declining prices," said Mark Fleming, chief economist for CoreLogic.

CoreLogic said prices are 26.7% below a nationwide peak in April 2006.

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