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Home Prices Stepped up Gains in July

Tuesday, September 1, 2015

Home prices nationally increased year-over-year at a faster pace in July than they did in June CoreLogic said on Tuesday.  The company's Home Price Index (HPI) which includes distressed properties rose 6.9 percent from a year earlier and were up 1.7 percent month over month.  June over June prices had increased by 6.5 percent although the monthly increase was also 1.7 percent. 

Colorado was the only state with an annual gain in double digits.  Prices there, including distressed sales, were up 10.4 percent.  Washington followed with a 9.9 percent gain along with Nevada (+9.1 percent), Hawaii (+8.9 percent) and Oregon (+8.8 percent). Five other states had price growth that exceeded the national average, Florida, New York, South Carolina, South Dakota, and Texas.

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