Springfield home prices rise in June

Springfield home prices, including distressed sales, rose 0.3 percent in June compared to the same month a year earlier, according to Irvine, Calif.-based real estate market tracker CoreLogic (NYSE: CLGX).

June prices, however, decreased 0.3 percent from May, according to a news release.

Excluding distressed sales - which comprise short sales and real estate owned transactions - June prices increased 2.2 percent from the same month in 2013. Month-to-month, prices excluding distressed sales ticked up 0.1 percent, CoreLogic reports.

U.S. home prices, including distressed sales, jumped 7.5 percent in June from a year earlier. According to the release, the upward movement represents the 28th consecutive month of year-over-year increases.

Excluding distressed sales, nationwide prices rose 6.9 percent.

"Home prices are continuing to rise, fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West coasts," CoreLogic President and CEO Anand Nallathambi said in the release. "The expected surge in the number of homes for sale has not materialized to date as many homeowners are staying put and waiting for better economic times and higher prices in the future."