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St. Louis Home Prices Rise 5.6 Percent In July

(via Flickr/woodleywonderworks)

The value of homes in the St. Louis region continues to increase.

The St. Louis Post-Dispatch, citing data released Tuesday by the real estate analysis firm CoreLogic, reports that St. Louis-area home prices rose 5.6 percent in July from a year earlier.

For homes not facing foreclosure or already foreclosed on, the increase was 5.9 percent.

Home prices nationwide rose 12.4 percent in July, the 17th straight month of year-over-year increase. St. Louis home values declined less than in the nation as a whole during the recession, but are recovering more slowly.

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