On August 6th, CoreLogic released their Home Price Index (HPI) for June which reported a year over year nationwide price increase of 11.9%. Excluding distressed sales, the national figure was 11.0% higher in June from the prior month last year. The report noted that this was the 16th consecutive monthly increase in home prices nationally. On a month to month basis, prices in June increased by 1.9% from the previous month. CoreLogic projects that their Home Price Index for July will be 12.5% higher on a year-to-year basis and 1.8% greater on a month to month basis. Including distressed sales, the five states with the highest home price appreciation were: Nevada (+26.5%), California (+21.4%), Wyoming (+16.7%), Arizona (+16.2%) and Georgia (+14.3%). Just two states posted home price depreciation: Mississippi (-2.1%) and Delaware (-1.1%). Excluding distressed sales: the five states with the greatest price appreciation were: Nevada (+23.6%), California (+18.7%), Arizona (+14.1%), Utah (+13.8 %) and Florida (+12.7%).
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