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08/06/2013

Fort Worth-Arlington home prices rise in June

Fort Worth-Arlington home prices, including sales of distressed properties, rose 4.6 percent in June compared to home prices in June 2012, according to CoreLogic.

On a month-over-month basis, home prices, including distressed sales, increased by 1.4 percent in June over May.

When distressed sales are excluded, Fort Worth-Arlington home prices increased 8.4 percent in June from June 2012, CoreLogic said.

And on a month-over-month basis, excluding distressed sales, area home prices increased 1.8 percent in June.

Home prices nationwide, including distressed sales, increased 11.9 percent on a year-over-year basis in June. It is the 16th consecutive monthly increase in home prices nationally.

On a month-over-month basis, including distressed sales, home prices increased by 1.9 percent in June compared to May.

Excluding distressed sales, home prices increased on a year-over-year basis by 11 percent in June from June 2012.

On a month-over-month basis, excluding distressed sales, home prices increased 1.8 percent in June from May.

Distressed sales include short sales and real estate owned  transactions.

"In the first six months of 2013, the U.S. housing market appreciated a remarkable 10 percent," said Mark Fleming, CoreLogic’s chief economist. "This trend in home price gains is moving at the fastest pace since 1977."

_ Sandra Baker

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