Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 compared with June 2013, according to a new report from real estate analytics firm CoreLogic. This is the 28th consecutive month of year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, increased 1 percent in June 2014 compared with May 2014.

At the state level, including distressed sales, only Arkansas posted a decline in June with 0.4 percent depreciation. Twelve states posted new all-time high prices.

Excluding distressed sales, home prices nationally increased 6.9 percent in June 2014 compared with June 2013 and 0.9 percent month over month compared with May 2014. Also excluding distressed sales, all 50 states and the District of Columbia showed year-over-year home price appreciation in June. Distressed sales include short sales and real estate owned (REO) transactions.

CoreLogic predicts that home prices, including distressed sales, will increase 0.7 percent month over month from June 2014 to July 2014 and, on a year-over-year basis, by 5.7 percent from June 2014 to June 2015. Excluding distressed sales, home prices are expected to rise 0.6 percent month over month from June 2014 to July 2014 and by 5 percent year over year from June 2014 to June 2015.

"Home price appreciation continued moderating in June with its slight month-over-month increase," Mark Fleming, chief economist for CoreLogic, said in a statement. "This reversion to normality that we are finally experiencing is expected to continue across the country and should further alleviate concern over diminishing affordability and the risk of another asset bubble."

Including distressed sales, the five states with the highest home price appreciation were Michigan (11.5 percent), California (11.3 percent), Nevada (11.1 percent), Hawaii (10.8 percent) and Oregon (9.5 percent).

Excluding distressed sales, Massachusetts topped the list for home price appreciation, with prices up 11.2 percent. The rest of the top five were New York (9.8 percent), Hawaii (9.2 percent), California (9.1 percent) and Oregon (8.8 percent).

However, of the country’s top 100 largest metro areas, the Worcester corridor was one of only two to experience no price increase. The other was Little Rock, Ark.

Including distressed transactions, U.S. home prices remain 12.9 below their peak in April 2006. Massachusetts prices remain 5.6 below its peak.