The latest Home Price Index (HPI) from CoreLogic shows that home prices increased 6% year over year during July 2016, continuing the year over year increase seen every month since February 2012. CoreLogic staffer Molly Boesel takes a look at the increases seen in the HPI which is expected to return to the pre-recession peak by mid-2017.
A deeper look at the data from the HPI shows that Oregon experienced the biggest increase at 11.2%. CoreLogic further analyzed four price tiers based on the median national home price:
The low-price tier has shown the most price growth in recent months, increasing 8.8 percent year over year in July 2016. This price tier also recovered 59 percent from its lowest point in March 2011 and is the only price tier to pass its pre-housing-crisis peak.