From the previous month, North Texas home prices rose 1.6 percent, according to the Home Price Index report released Tuesday by Irvine, Calif.-based CoreLogic(NYSE: CLGX), which has an office in Westlake.
Nationally, home prices increased 7.5 percent year-over-year in June, with prices increasing 1 percent from May to June.
"Home price appreciation continued moderating in June with its slight month-over-month increase," said Mark Fleming, chief economic for CoreLogic, in a statement.
The return to moderation is expected to continue throughout the United States and Fleming said it could alleviate concerns over diminishing affordability of homes and the risk of another asset bubble.
Even with the moderation, CoreLogic forecasts home prices will to continue to rise in the future, with projections estimating national home prices will increase 5.7 percent from June 2014 to June 2015.