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Home prices increase

Overall, real estate prices are going up around the country.

Overall, real estate prices are going up around the country.

The summer home buying season bumped up home prices 4 percent over the previous quarter, ClearCapital reported September 8. The company's Home Data Index showed gains in the United States' four regions.

When it comes to relocating, potential home buyers may want to take note of the pricing changes around the country. The Midwest's gains of 7.3 percent were the highest in the country, followed by the Northeast at 4.9 percent, the South at 3.5 percent and the West at 0.7 percent. Detroit is no longer the lowest-performing major market, replaced by Jacksonville, Florida, with a negative 2.7 percent change.

However, growth is slowing as fall creeps in and economic confidence wanes. "With summer coming to a close and the price gains clearly starting to level off, the market is at a critical juncture as to whether it can avoid another significant downturn into the slower buying seasons of fall and winter," said Dr. Alex Villacorta, director of research and analytics at Clear Capital.

And while home prices were up on the whole, they're still down 6.2 percent from last year. Overall, consumer confidence is down to the lowest levels since March 2009, Gallup reported in August.