Colorado’s appreciation ranked it 15th of the states and the District Columbia, according to the CoreLogic Home Price Index.

The Colorado and U.S. figures include distressed sales.

When distressed sales are excluded, appreciation drops to 8.6 percent in Colorado and 11.0 percent nationally.

Nationally, home prices have risen for 16 consecutive months.

“In the first six months of 2013, the U.S. housing market appreciated a remarkable 10 percent,” said Mark Fleming, chief economist for CoreLogic. “This trend in home price gains is moving at the fastest pace since 1977.”

The trend is expected to continue.

“The U.S. housing market experienced robust price appreciation during the first half of 2013 and our forecast calls for double-digit growth through July,” said Anand Nallathambi, president and CEO of CoreLogic.

“Despite their rebound of late, home prices remain reasonable in a historical context, with most states near peak affordability levels.”

Highlights as of June 2013:

• Including distressed sales, the five states with the highest home price appreciation were: Nevada (+26.5 percent), California (+21.4 percent), Wyoming (+16.7 percent), Arizona (+16.2 percent) and Georgia (+14.3 percent).
• Including distressed sales, this month only two states posted home price depreciation: Mississippi (-2.1 percent) and Delaware (-1.1 percent).
• Excluding distressed sales, the five states with the highest home price appreciation were: Nevada (+23.6 percent), California (+18.7 percent), Arizona (+14.1 percent), Utah (+13.8 percent) and Florida (+12.7 percent).
• Excluding distressed sales, no states posted home price depreciation in June.
• Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to June 2013) was -19 percent. Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -14 percent.
• The five states with the largest peak-to-current declines, including distressed transactions, were Nevada (-44.3 percent), Florida (-38.6 percent), Arizona (-33.9 percent), Rhode Island (-31.7 percent), and Michigan (-31.1 percent).f the top 100 Core Based Statistical Areas measured by population, 99 were showing year-over-year increases in June, up from 98 in May 2013.

Courtesy of John Rebchook InsideRealEstateNews.com