Corelogic's home price index for Colorado increased year over year for the seventh month in a row during July 2012, increasing to the highest growth rate seen since the beginning of the recession in 2008.
showed a 7.3 increase from July 2011 to July 2012.
The July HPI report, released last week by Corelogic, shows the national HPI rising by 3.8 percent, year over year.
annual increase in the Colorado HPI of 7.3 percent during July mirrors
to a certain extent other home price indices, such as the
Case-Shiller index and
the FHFA's expanded house price index which have also showed accelerating home prices in the region.
The CoreLogic HPI shows
that, nationally, home prices have not increased as much as in Colorado, which was expected. Several home price indices continue to show Colorado home prices increasing more than the nation, and falling by smaller amounts when decreases occur.
the July report, only 4 states reported larger year-over-year
increases than Colorado. The states with the largest increases were
Arizona and Idaho with increases of 16.6 percent and 10.0 percent,
respectively. Utah and South Dakota also reported larger increases than Colorado. Eight states showed declines in prices. The states with the largest declines in the home price
index were Alabama and Delaware with drops of 4.6 percent and 4.8