Audio: Home Price Index Audio Clip May 2017

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The CoreLogic HPI for May 2017 showed that national home prices appreciated 6.6 percent from a year ago and were just 1.5 percent below the 2006 peak. Prices are expected to increase 5.3 percent over the next year. Lower-priced homes increased 9.4 percent in May, outpacing the overall market. This is the only price segment to surpass its pre-crisis peak. At the state level, 30 states, including the District of Columbia, have risen above their pre-crisis peaks, and Nevada is farthest from its all-time high, still 28 percent below the March 2006 level.

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