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Report: US Home Prices Up 5.7 Percent Year Over Year In June

Aug 2, 2016 | Reprints | Unlock Link | Print

Nationwide home prices were up 5.7 year over year and 1.1 percent month over month in June 2016, according to CoreLogic, a global property information, analytics and data-enabled solutions provider.

The CoreLogic HPI Forecast projects home prices will increase by 5.3 percent on a year-over-year basis from June 2016 to June 2017, and on a month-over-month basis home prices are expected to increase 0.6 percent from June 2016 to July 2016. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“Mortgage rates dipped in June to their lowest level in more than three years, supporting home purchases,” Dr. Frank Nothaft, chief economist for CoreLogic, said in a statement. “Local markets with strong economic growth have generally had stronger home-price growth. Among large metropolitan areas, Denver had the lowest unemployment rate and the strongest home-price appreciation.”

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