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July 30, 2013

Price indices constructed by Zillow show rapid increases in many of the cities that had been hardest by the collapse of the housing bubble. In the Zillow index, the year-over-year increase in prices in Las Vegas was 29.4 percent, a rate matched by Vallejo, CA. Modesto, CA, had a 27.0 percent year-over-year increase in prices. In Stockton, CA, the rise was 25.8 percent.

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For more, check out the latest Housing Market Monitor.