National home prices were up 6.6 percent year-over-year in May and are expected to rise 5.3 percent over the next year, according to the latest CoreLogic Home Price Index Report.
After adjusting for inflation, prices are still 16.8 percent below their pre-recession peak. Prices in 30 states have surpassed previous high marks, and eight states have prices less than 5 percent away from their peaks.
Home prices have gone up 47.8 percent since sinking to their lowest point in March 2011.
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