Home prices jump +12.4% in July

Verses 2012, home prices in the U.S. rose +12.4% in July 2013. This is the best showing since 2006. In Tampa, prices rose +2.3% from June to July and +12.6% total. In 15 major markets, prices shrink in their June to July percentage of increase, which may suggest prices are starting to peak. The month over month gains have slowed nationally over the past 3 months. These results were reported by the highly respected Standard and Poor's / Case-Shiller research group.