by Bill McBride on 8/02/2016 09:04:00 AM
Tuesday, August 02, 2016
Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).
From CoreLogic: CoreLogic US Home Price Report Shows Prices Up 5.7 Percent Year Over Year in June 2016
Home prices nationwide, including distressed sales, increased year over year by 5.7 percent in June 2016 compared with June 2015 and increased month over month by 1.1 percent in June 2016 compared with May 2016, according to the CoreLogic HPI.Click on graph for larger image.
"Home prices continue to increase across the country, especially in the lower price ranges and in a number of metro areas," said Anand Nallathambi, President and CEO of CoreLogic. "We see prices continuing to increase at a healthy rate over the next year by as much as 5 percent.”
This graph shows the national CoreLogic HPI data since 1976. January 2000 = 100.
The index was up 1.1% in June (NSA), and is up 5.7% over the last year.
This index is not seasonally adjusted, and this was a solid month-to-month increase.
The index is still 6.7% below the bubble peak in nominal terms (not inflation adjusted).
The second graph shows the YoY change in nominal terms (not adjusted for inflation).
The YoY increase had been moving sideways over the last two years.
The year-over-year comparison has been positive for fifty three consecutive months.