The U.S. is on Month 29 of rising home prices. Meanwhile, the Texas housing market has outpaced itself once again, and San Antonio on a steady rise.
These are three takeaways from the latest Home Price Index (HPI) report by Irvine, Calif.-based CoreLogic.
Over the 12 months ended July 31, home prices in the San Antonio/New Braunfels metro increased 6.5 percent.
The San Antonio metro is one of 98 of the top 100 Core Based Statistical Areas (CBSAs) tracked by CoreLogic that posted year-over-year increases in their HPI.
The only exceptions in July were the metros of Worcester, Mass.-Conn.; and Little Rock-North Little Rock-Conway, Ark.
Nationwide, the HPI increased 7.4 percent between July 2013 and July 2014, CoreLogic reports. The July numbers
As for Texas, the Lone Star State once again outperformed itself — reaching a new HPI high of 8.7 percent.
Texas was one of 11 states (including the District of Columbia) that reached new highs for their HPIs.