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Home prices across the country slightly increased in June according to a report issued today. The S&P/Case-Shiller Home Price Index, which compiles price information from 20 major US cities, reported that home prices inched up 1.4% compared to the month earlier.

According to Quicken Loans Chief Economist Bob Walters, home prices remain very attractive for buyers across the country.

“Prices of homes are leveling, affordability is up, and inventories have shown some improvement this summer. It’s clear that these conditions – coupled with low mortgage rates – are motivating Americans to buy homes. The next two months will be particularly telling as consumers pick up the pace to close before the first-time home buyer tax credit expires on November 30.”

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