Following many months of year-over-year declines in Corelogic's Home Price Index (HPI),
Colorado has now shown five months in a row of year-over-year increases with May's increase coming in at 5.7 percent.
The May HPI report, released yesterday by Corelogic, shows the national HPI rising by 2.0 percent, year over year.
annual increase in the HPI of 5.7 percent during May is one of the
larger increases shown in home price indices for Colorado and its metros
put out by various organizations. Case-Shiller, for example, reported a 2.8 percent increase for metro Denver in April (the most recent month
available) while Corelogic reported an increase of 3 percent for that
The CoreLogic HPI shows
that, nationally, home prices have risen less than prices
in Colorado and that Colorado prices are increasing at a faster rate.
the May report, only 8 states reported larger year-over-year
increases than Colorado. The states with the largest increases were
Arizona and Idaho with increases of 12 percent and 9.2 percent,
respectively. The states with the largest declines in the home price
index were Rhode Island and Delaware with drops of 4.4 percent and 9.0