NEW YORK, Aug. 8 (UPI) -- Second-quarter home prices rose by their largest percentage in at least seven years, pushed by low inventories and high demand for foreclosed properties.
Prices rose by 2.5 percent in June from a year ago, and by 6 percent from the previous quarter, reported CoreLogic Inc., a Santa Ana, Calif., data firm, which said the quarterly jump was the greatest since 2005.