Friday, February 7, 2014

Corelogic: Home price index in Colorado up 8.3 percent in December

CoreLogic released its December home price index (HPI) numbers this week. The year-over-year change in December was 8.3 percent in Colorado.  December marks the twenty-fourth 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 percent from December 2012 to December 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.)

17 states had larger growth rates in the HPI than Colorado, with the highest growth rates being in Nevada, and California. Nevada's HPI grew 23.9 percent year over year, and California's HPI grew 19.7 percent. Only Mississippi, with a year over year drop of 0.2 percent, showed a decline in the HPI.