Texas among nation’s best performing markets during June

Home prices were up in Texas, which was among the nation's best-performing states during June.According to a recent report from CoreLogic, national home prices during June were 0.7 percent, representing the third straight month of gains on a monthly basis.Of the nation's best performing markets, including distressed sales, New York recorded a 3.3 percent price increase, followed by Washington, D.C. at 2.4 percent. North Dakota, Alaska and Nebraska rounded out the top five.However, when excluding distressed sales, Texas placed among the top states. North Dakota's housing sector was tops with a 5.9 percent price increase, followed by New York at 4.6 percent, West Virginia 3.6 percent, Texas at 2.8 percent and Vermont at 2.6 percent.Despite the monthly upward trend in terms of price, yearly comparisons showed significant losses.Including distressed properties, prices during June were down 6.8 percent from the previous year. Excluding distressed sales, prices were still down 1.1 percent from June 2010.Regardless, the price increase in Texas during June highlighted the state's steady housing sector. The Houston real estate market, assisted by its job sector, has been healthy for a continuous period of time.Courtesy of 2M Realty News

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