Top 15 States Where Home Prices Are Still Surging

Would you get a look at that, home prices keep climbing higher! | HECTOR MATA/AFP/Getty Images

The good times continue to roll for the housing market. Home prices in the United States have increased on a year-over-year basis for 65 consecutive months. While national prices are expected to keep rising throughout 2017, some states are witnessing much stronger appreciation than others.

In June, home prices jumped 6.7% from a year earlier, according to the latest report from CoreLogic, a leading provider of real estate information. CoreLogic expects home prices to climb 5.2% over the next year. With housing bubble concerns rising in some parts of the country, national home prices are set to rise even further. That’s good news to owners, but buyers continue to face affordability issues, which will likely become even worse in the coming years.

“Home prices are marching ever higher – up almost 50% since the trough in March 2011,” explains Frank Martell, President and CEO of CoreLogic. “With no end to the escalation in sight, affordability is rapidly deteriorating nationally and especially in some key markets such as Denver, Houston, Miami, and Washington. While the low mortgage rates are keeping the market affordable from a monthly payment perspective, affordability will likely become a much bigger challenge in the years ahead until and when the industry resolves the housing supply challenge.”

Alaska was the only one state that failed to post home price appreciation in June. On the other side of the spectrum, two states managed to jump by double digits. Let’s take a quick look at the 15 states that experienced the strongest gains, based on a year-over-year basis. Tie breakers were decided by forecasted year-over-year changes, then month-over-month changes.

15. Georgia

Downtown of Athens, Georgia

Downtown of Athens, GA | iStock.com/SeanPavonePhoto

  • 12-month change: 5.9%
  • Forecasted year-over-year change: 4.0%

14. Wisconsin

Wisconsin Welcome sign at Marinette WI

Wisconsin welcomes you, along with higher home prices | iStock.com/csfotoimages

  • 12-month change: 6.0%
  • Forecasted year-over-year change: 4.8%

13. Florida

Florida Gator player

A Florida Gator | Sam Greenwood/Getty Images

  • 12-month change: 6.1%
  • Forecasted year-over-year change: 6.4%

12. Arizona

View of Phoenix Arizona

Welcome to Arizona, the land of hot weather and hot home prices | iStock.com

  • 12-month change: 6.1%
  • Forecasted year-over-year change: 6.4%

11. California

California homes

Look honey, there are some more beautiful homes we can’t afford | Thinkstock

  • 12-month change: 6.4%
  • Forecasted year-over-year change: 9.6%

10. Massachusetts

aerial view of the Charles River, Massachusetts State House

Aerial view of the Charles River, Massachusetts State House | iStock.com/GrandviewGraphics

  • 12-month change: 6.5%
  • Forecasted year-over-year change: 6.0%

9. Hawaii

Hawaii

Palm trees and ocean waves don’t come cheap | Mike Ehrmann/Getty Images

  • 12-month change: 6.8%
  • Forecasted year-over-year change: 6.4%

8. New York

Times square in New York City

Times Square with tourists | iStock.com/AndreyKrav

  • 12-month change: 6.9%
  • Forecasted year-over-year change: 5.5%

7. Michigan

Detroit, Michigan

Detroit, Michigan | Thinkstock

  • 12-month change: 7.2%
  • Forecasted year-over-year change: 6.4%

6. Nevada

Las Vegas

The only thing hotter than The Vegas Strip in Nevada are home prices | Ethan Miller/Getty Images

  • 12-month change: 7.4%
  • Forecasted year-over-year change: 9.0%

5. Oregon

Oregon

They probably had to sell their car to afford the mortgage | https://www.facebook.com/travelportland

  • 12-month change: 9.0%
  • Forecasted year-over-year change: 6.4%

4. Idaho

sun valley, idaho

Sun Valley, Idaho | Mark Davis/Getty Images for Sun Valley Film Festival

  • 12-month change: 9.1%
  • Forecasted year-over-year change: 5.3%

3. Colorado

Denver

Denver, where home prices are a mile high | Kevork Djansezian/Getty Images

  • 12-month change: 9.2%
  • Forecasted year-over-year change: 6.4%

2. Utah

Utah

Don’t worry, the rise in home prices will also help things thaw out in Utah | George Frey/Getty Images

  • 12-month change: 10.7%
  • Forecasted year-over-year change: 5.2%

1. Washington

Seattle, Washington

He’s probably trying to point to Seattle’s home prices | Ronald Martinez/Getty Images

  • 12-month change: 12.7%
  • Forecasted year-over-year change: 5.7%

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