According to the CoreLogic Home Price Index (HPI®) Report, home prices increased 5.7% from Jone 2015 to June 2016. They are are forecast to increase by 5.3 percent over the next year, reports Molly Boesel.
While the HPI has increased on a year-over-year basis every month since February 2012, prices are still 6.7 percent below the April 2006 peak. Home prices have risen 40.5 percent since bottoming out in March 2011.
States in the western part of the country showed the most improvement.
Oregon showed the largest HPI gain of all states in June 2016 with a 10.9 percent year-over-year increase, followed closely by Washington (+10.3 percent) and Colorado (+9.2 percent). Nevada home prices were the farthest below their all-time HPI high, still 32 percent below the March 2006 peak.