Area home price gains slip some more

CoreLogic says Nashville-area home prices, including distressed sales, were up 8.0 percent in June compared to the year before. Take out activity in distressed assets and year-over-year price gains slipped to 6.9 percent. Two months ago, those numbers were 9.5 percent and 7.2 percent, respectively, suggesting the housing market is nearing an equilibrium as large gains in distressed sales are fading.