The S&P CoreLogic Case-Shiller 20-city house-price index increased 0.9% on a monthly basis in June, the fourth straight month of home price gains. Chicago, Cleveland, and New York saw the most significant year-over-year increases, with prices up 4.2%, 4.1%, and 3.4%, respectively.
While regional markets in the Northeast continued to see strong demand and rising home prices, the Pacific and Mountain time zones reported much weaker activity at the start of the summer market, Realtor.com reports.
Chicago, Cleveland and New York led the rankings as the three cities with the highest year-over-year price gains among the top 20 cities in June.
Homes in Chicago were up 4.2% in June as compared with the same month last year.
The West Coast continued to lag behind the rest of the country: Home prices fell in San Francisco and Seattle the most.
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