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Tuesday, September 01, 2015

CoreLogic: House Prices up 6.9% Year-over-year in July

by Calculated Risk on 9/01/2015 12:25:00 PM

Notes: This CoreLogic House Price Index report is for July. The recent Case-Shiller index release was for June. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).

From CoreLogic: CoreLogic Reports Home Prices Rose by 6.9 Percent Year Over Year in July

Home prices, including distressed sales, increased 6.9 percent in July 2015 compared to July 2014. June marks the 41st consecutive month of year-over-year home price gains.

Excluding distressed sales, home prices increased by 6.7 percent year over year in July.

On a month-over-month basis, home prices increased by 1.7 percent in July compared to June data. Excluding distressed sales, home prices were up 1.5 percent month over month in July 2015.

Home prices nationwide remain 6.6 percent below their peak, which was set in April 2006.
emphasis added
CoreLogic House Price Index Click on graph for larger image.

This graph shows the national CoreLogic HPI data since 1976. January 2000 = 100.

The index was up 1.7% in July (NSA), and is up 6.9% over the last year.

This index is not seasonally adjusted, and this was a solid month-to-month increase.

CoreLogic YoY House Price IndexThe second graph is from CoreLogic. The year-over-year comparison has been positive for forty one consecutive months.

The YoY increase had been moving sideways over most of the last year, but has picked up recently.