Wednesday, November 6, 2013

CoreLogic: Colorado home price index up 9.2 percent

CoreLogic released its September home price index (HPI) numbers this week. The year-over-year change in September was 9.22 percent.  September marks the twenty-first month in a row of year-over-year gains in the home price index for Colorado. The national home price was again pulled upward by big home price growth in California, Arizona, and Nevada. Nationally, the index grew 12.0 percent from September 2012 to September 2013. Housing prices continue to increase at some of the largest rates seen since before the financial crisis. (These numbers are for all single-family homes, including distressed properties.) Growth rates since April have moderated at around 9.5 percent, but continues to show significant ongoing growth in home prices.

16 states had larger growth rates in the HPI than Colorado, with the highest growth rates being in Nevada, California, and Arizona. Nevada's HPI grew 25.3 percent year over year, and California's and Arizona 'a HPIs grew 22.4 percent and 14.6 percent respectively. No showed declines in their HPIs over the same period.