Thursday, December 12, 2013

Corelogic: Colorado home price index up 9.1 percent

CoreLogic released its October home price index (HPI) numbers this week. The year-over-year change in October was 9.1 percent in Colorado.  October marks the twenty-second month in a row of year-over-year gains in the home price index for Colorado. Nationally, the index grew 12.5 percent from October 2012 to October 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.) Although year-over-year changes have been consistently positive this year, the rate of increase has fallen below what was seen early this year.

15 states had larger growth rates in the HPI than Colorado, with the highest growth rates being in Nevada, and California. Nevada's HPI grew 25.9 percent year over year, and California's HPI grew 22.4 percent. No state showed a decline in the HPI for the period.