U.S. home prices increased 1.7% during the three-month period ended July 31, according to Clear Capital.
Compared with a year ago, home prices are up 3.1% nationally, according to the firm.
The Northeast and the Midwest continue to outperform, while the previously hot markets in Florida and the Sunbelt struggle.
The Northeast saw home prices increase 3.1%, quarter-over-quarter, while home prices increased 3.1% in the Midwest, 0.9% in the South and 0.4% in the West.
Top-performing markets in the Northeast included Rochester, N.Y., where prices rose 7.1% on a quarterly basis and 8.6% annually.
The New York City area also saw strong growth, rising 3.9% on a quarterly basis and 8.5% annually.
Hartford, Conn., also performed well, rising 2.4% quarterly and 8.3% on an annual basis.
Photo: Brian Zajac