Monday, January 13, 2014

Corelogic: Colorado home price index up 8.6 percent in November

CoreLogic released its November home price index (HPI) numbers this week. The year-over-year change in November was 8.6 percent in Colorado.  December marks the twenty-third 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 11.8 percent from November 2012 to November 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.) We can see that since April 2013, the national index has been outpacing the Colorado index.

16 states had larger growth rates in the HPI than Colorado, with the highest growth rates being in Nevada, and California. Nevada's HPI grew 25.3 percent year over year, and California's HPI grew 21.3 percent. Only Arkansas, with a year over year drop of 1.1 percent, showed a decline in the HPI.