Pacific Northwest states along with Colorado are showing steep homeprice gains, according to the latest homeprice data from CoreLogic, Irvine, California. While the national average home-price gains for the year-long period ending in July 2016 was 6 percent, Oregon saw gains of 11.2 percent.
Washington saw price gains of 10.2 percent on average during that period, while Colorado saw prices rise by 9.3 percent in the period from July 2015 to July 2016.
CoreLogic released its Home Price Index (HPI[TM]) for July on Sept. 6. The HPI includes prices for distressed sales.
CoreLogic said its HPI Forecast indicates that home prices will rise by 5.4 percent over the next 12-month period from July 2016 to July 2017, suggesting just a slight slowdown in the pace of price gains.
The Denver-Aurora-Lakewood, CO, market showed exceptionally strong price gains during the July 2015-July 2016 period. It posted 10 percent home-price appreciation in that time frame. San Francisco-Redwood City-South San Francisco, CA, on the other hand, appears to have cooled off from its earlier torrid pace of price gains. The San Francisco housing market posted price gains of 3.4 percent in the year-long period ending in July.