Home values rose 9.5% above year-earlier in the second quarter to reach their highest level this decade, First American Real Estate Solutions reported.

The calculation was made from records of resales.

Appreciation was steep in major metropolitan areas of California and New York and moderate in the rest of the nation, the real estate information company said.

Though the generally healthy economy has boosted demand overall, supply constraints are putting pressure on prices in some areas, First American said.

the biggest gain was in Orange County, Calif., where home prices jumped 17% from year-earlier.

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