by Calculated Risk on 8/01/2023 08:00:00 AM

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: US Annual Home Price Growth Inches Up in June

• U.S. home prices continued to reach new highs in June and are 41% above pre-pandemic levels.

• Annual U.S. single-family home price growth was up by 1.6% in June after increasing by 1.5% in May, marking the 137th straight month of year-over-year gains and a pivot after 13 months of slowing.

• National home prices increased by 4.8% since the beginning of the year in June, marking the sixth consecutive month of gains.

• Ten states and one district posted year-over-year home price declines in June, with most of the losses again concentrated in the West. While the annual losses reflect last year’s declines, many West Coast markets are expected to see a strong rebound in prices over the next year.

• The strongest home price gains since the beginning of the year have been in the Northeast (New Hampshire, Connecticut, Rhode Island and New Jersey) and the Midwest (Missouri, Wisconsin and Ohio).
emphasis added

This index was up 1.5% YoY in May.