With a 7.5 percent year-over-year improvement, Colorado’s home prices have hit a new peak as of September, according to CoreLogic’s Home Price Index.
Colorado is one of six states to do so, joined by Nebraska, North Dakota, South Dakota, Vermont and Texas.
The state saw home prices increase 1.2 percent in September since June and 0.1 percent compared with August, according to CoreLogic.
U.S. home prices increased 5.6 percent in September compared with a year ago, but they represented a 12.6 percent drop since they peaked in April 2006. Home prices nationally were in line with June’s and dipped only 0.1 percent compared with August.
The CoreLogic HPI also showed that the home prices in 28 states, including the District of Columbia, were at or within 10 percent of their peak in September.
“Home prices continue to rise compared with this time last year but the rate of growth is clearly slowing as we exit 2014,” says Anand Nallathambi, president and chief executive officer of CoreLogic. “With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”
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