Home prices nationally continued their ascent in September from their post-crisis bottoms in the aftermath of the housing market bust, with five states reaching new highs, according to CoreLogic’s latest numbers.
The states with new highs were were: Colorado, Nebraska, North Dakota, South Dakota and Texas.
At the other end of the spectrum, Nevada registered the largest decrease in home prices from its pre-crisis peak eight years ago: 36.6 percent. Florida had the second-largest peak-to-current drop at 34.1 percent.
Overall, home prices, including distressed sales, increased 5.6 percent in September 2014 compared to September 2013. September marks the 31st consecutive month of year-over-year home price gains, CoreLogic reports.
However, national home prices were still 12.6 percent below their pre-crisis peak set in April 2006. Excluding distressed sales, prices were down 9.1 percent from peak levels.
CoreLogic says national home prices are projected to rise by 5 percent From September 2014 to September 2015.
“Home prices continue to rise compared with this time last year, but the rate of growth is clearly slowing as we exit 2014,” said Anand Nallathambi, president and CEO of CoreLogic. “With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”
On a month-over-month basis including distressed homes, home prices decreased by 0.1 percent in September compared to August.