CoreLogic's May Home Price Index (HPI) marked the third consecutive nationwide increase in home prices on both a year-over-year and month-over-month basis and and the Pending HPI Forecast shows gains to continue through June.

Home prices that also included distressed sales, rose on a year-over-year basis by 2.0% in May compared to May 2011. Similarly, on a month-over-month basis, there was a 1.8$ increase in home prices, also including distressed sales, this May compared to April 2012.

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