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Springfield home prices down in July

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Queen City home prices, including distressed sales, decreased 1.1 percent in July compared to the same month of 2013, according to a report released by Irvine, Calif.-based real estate market tracker CoreLogic (NYSE: CLGX).

Springfield's July prices also were down 0.6 percent from June, according to a news release.

Excluding distressed sales - which comprise short sales and real estate owned transactions - Springfield prices increased 2.7 percent in July compared to the same month in 2013, and rose 0.4 percent from June.

U.S. home prices, including distressed sales, rose 7.4 percent in July from the same month a year earlier, representing the 29th consecutive month of year-to-year increases. July prices nationwide also were up 1.2 percent from June, according to CoreLogic.

National home prices, excluding distressed sales, jumped 6.8 percent compared to July 2013 and 1.1 percent compared to June, according to the release.

"Most states are reaching price levels not seen since the boom year of 2006," said Anand Nallathambi, president and CEO of CoreLogic, in the release. "Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues."[[In-content Ad]]

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