In December 2015, national home prices jumped 6.3% year-over-year and 0.8% month-over-month, according to the CoreLogic Home Price Index Report. Colorado had the largest gain, the index showed, with a 10.4% year-over-year increase, reports CoreLogic’s Molly Boesel.
Colorado was the fastest appreciating state for each of the 12 months of 2015. Last year was also good for Washington, which increased 10.3%, and Oregon, which rose 9.1%. Three states had year-over-year depreciation – Louisiana (-2.9%), Mississippi (-2.8%), and New Mexico (-0.1%).
While the HPI has increased on a year-over-year basis every month since March 2012, prices are still 7.6 percent below the April 2006 peak. Home prices rose 5 percent for the full year of 2015, down from a 7.6 percent annual gain for 2014.