Real estate agents Rosa Arrigo, center, and Elisa Rosen, right, work an open house in West Hempstead, New York on April 18, 2021.
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Home prices rose 18.6% annually in June, up from the 16.8% increase in May, according to the S&P CoreLogic Case-Shiller national home price index.
That is the largest annual gain in the history of the index dating back to 1987. Prices nationally are now 41% higher than their last peak during the housing boom in 2006.
Unlike other median price surveys, which can be skewed by the type of homes selling, this measures repeat sales of similar homes over time.
The 10-City composite rose 18.5%, up from 16.6% in the previous month. The…