Florida home prices rise +12% in June

Floridians saw their homes jump almost +12% in value over the same time last year. Nationally, homes increased +11.9% in 48 of the 50 states, CoreLogic, a real estate data provider reported this week. Prices declined only in Delaware and Mississippi. Nevada led the upward movement with prices rising +26.5%. Other strong showings occurred in California +21.4%, Wyoming +16.7%, Arizona +16.2% and Georgia at +14.3%. Mark Fleming of CoreLogic stated that home prices are moving upwards at a faster pace than 1977. Nationally, Florida was second from the bottom when measuring home values at their peak, which was lost during the downturn at -38%. For the year, home values across the country have increased +10% during this recovery.