Buying homes became a costly affair in Tacoma and Lakewood as the prices increased by 7.1 percent in June this year in comparison to the same period last year.
The figures were revealed in the monthly report of CoreLogic, a California-based real estate analytics firm.
According to the report, the home prices including the distressed sales, rose by 1.0 percent in June 2014 on a month-over-month basis as compared with May this year.
The report further showed that the year-over-year prices of home, excluding the distressed sales, rose by 7.2 percent in June 2014 in comparison to last June.
Meanwhile, buying homes in the United States became more dearer as the prices rose 8.6 percent in 2014 when distressed properties were included. However, the prices dropped to 8.1 percent when distressed properties were excluded.
The United States experienced increasing trend for 28 consecutive months of year-over-year when distressed sales were included.
Other Highlights of the Report
With distressed sales:
Michigan (+11.5 percent), California (+11.3 percent), Nevada (+11.1 percent), Hawaii (+10.8 percent) and Oregon (+9.5 percent) were the five states with the highest home price appreciation
Without distressed sales:
Massachusetts (+11.2 percent), New York (+9.8 percent), Hawaii (+9.2 percent), California (+9.1 percent) and Oregon (+8.8 percent) were the five states with the highest home price appreciation.