O.C. home prices up 21.7% in June

 Orange County home prices increased 21.7 percent in June compared to June 2012, Irvine-based CoreLogic reported Tuesday.

It was the biggest annual percentage gain in local home prices since December 2004 for a second straight month, according to CoreLogic.

Article Tab: image1-O.C. home prices up 21.7% in June

Nationwide, home prices increased 11.9 percent in June year over year, the report showed.

“The U.S. housing market experienced robust price appreciation during the first half of 2013, and our forecast calls for double-digit growth through July,” said Anand Nallathambi, president and chief executive of CoreLogic. “Despite their rebound of late, home prices remain reasonable in a historical context, with most states near peak affordability levels.”

Home prices in California were up 21.4 percent overall in June. Prices increased 20.7 percent in Los Angeles County and 19.8 percent in the Inland Empire.

CoreLogic analyzes repeat sale transactions, meaning the same single-family homes are followed for a period of time.