Audio: Home Price Index Audio Clip July 2017

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The CoreLogic HPI for July 2017 showed that national home prices appreciated 6.7 percent from a year ago. Prices in July were just 0.5 percent below the 2006 peak, and the index is predicted to be back to the 2006 peak in the next few months. Lower-cost homes appreciated much faster than the rest of the market, gaining 9.1 percent from a year ago, compared with 5.5 percent for higher-cost homes.

The rental market has shown similar movements in recent months, though with more muted price increases. The latest CoreLogic Single-family Rental Index shows that nationally, rents increased 2.8 percent in June. As with the home sales market, the low-end out-paced the high-end of the market, with low-end rents increasing 4.4 percent and high-end rents increasing 1.9 percent.

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