Jul 3, 2013 5:45 AM by Lacey Steele

Home prices rise in 48 states

We have good news for people wanting to sell their homes.

Home prices shot up 12% in May from the same time last year.

That's the biggest jump in seven years.

The housing recovery blankets most of the nation.

Real estate data provider Core-Logic says home prices rose in 48 states.

Only Delaware and Alabama saw home prices fall.

Nevada led the way with the biggest price gain at 26%, followed by California at 20%.

Core-Logic credits low mortgage rates and a limited number of homes for sale.



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