Significant Findings:
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The seasonally adjusted purchase-only HPI rose in 47 states and in the District of Columbia during the second quarter. Top 5 in annual appreciation: 1) Nevada 2) California 3) Arizona 4) Oregon and 5) District of Columbia.
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Of the nine census divisions, the Pacific division experienced the strongest increase in the latest quarter, posting a 4.6 percent increase and a 16.2 percent increase since last year. House prices were weakest in the East South Central division, where prices increased 0.9 percent from the prior quarter.
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As measured with purchase-only indexes for the 100 most populated metropolitan areas in the U.S., second quarter price increases were greatest in the Orlando-Kissimmee-Sanford, FL Metropolitan Statistical Area (MSA) where prices increased by 10.0 percent. Prices were weakest in the Akron, OH MSA, where they fell 3.9 percent over that period.
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The monthly seasonally adjusted purchase-only index for the U.S. has increased for the last 17 consecutive months.