Prices of homes in the U.S. climbed in June and is estimated to increase to more recent signs of recovery in the housing market, according to data on Tuesday showed CoreLogic.
Index CoreLogic home price climbed 1.9 percent from May and accelerated by 11.9 percent since June last year.
Excluding complex sales, prices were slightly stronger, rising 1.8 percent in the month and 11 percent from June 2012.
Complex sales are those in which the lender allows a homeowner in trouble selling the house for less than the value of the outstanding mortgage.
The acceleration in prices from a year ago was in line with the report closely watched S & P / Case-Shiller, which showed that prices rose 12.2 percent year on year in May.
CoreLogic's report predicted more gains for the housing market, and estimated that prices will rise 1.8 percent in July. That would imply an increase of 12.5 percent.
"The U.S. housing market experienced strong price appreciation in the first half of 2013 and our forecast indicates a double-digit growth by July," said CoreLogic CEO Anand Nallathambi said in a statement.
The recovery in the housing sector has gained pace this year, with tight supply driving prices upward. However, higher interest rates on mortgages involve a potential problem if they cause fear and exit from the market of potential buyers.
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