National home prices were up 4.6 percent from a year ago in August, the biggest annual increase since July 2006, according to data aggregator CoreLogic’s home price index.

The repeat sales index showed home prices also rose 0.3 percent in August from July, marking the sixth consecutive month of both month-over-month and year-over-year increases.

All U.S. states but six showed home price gains in August. The five states with the highest annual price appreciation were Arizona (18.2 percent), Idaho (10.4 percent), Nevada (9 percent), Utah (8.9 percent) and Hawaii (8 percent).

Another CoreLogic index based on multiple listing service data, the CoreLogic Pending HPI, predicts that September will extend the monthly string of home price gains with a 6.3 percent year-over-year increase from September 2011.

"Sustained economic recovery in the U.S. requires a healthy housing market. You cannot have a healthy housing market without price stabilization and ultimately home price appreciation," said Anand Nallathambi, president and CEO of CoreLogic.

"Improving pricing trends over the past few months and our forecast for continued gains in September bode well for a progressive rebound in the residential housing market."

Single-family annual price gains, August 2012

Market Year-over-year change, including distressed Year-over-year change, excluding distressed
Phoenix-Mesa-Glendale, Ariz. 21.8% 16.9%
Houston-Sugar Land-Baytown, Texas 6.3% 6.6%
Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.Va. 4.8% 5.1%
Dallas-Plano-Irving, Texas 4.3% 7.8%
Los Angeles-Long Beach-Glendale, Calif. 4.0% 6.0%
Riverside-San Bernardino-Ontario, Calif. 4.0% 6.4%
New York-White Plains-Wayne, N.Y.-N.J. 3.4% 3.6%
Atlanta-Sandy Springs-Marietta, Ga. 1.0% 4.3%
Philadelphia, Pa. 1.0% 1.9%
Chicago-Joliet-Naperville, Ill. -2.5% 1.5%

Source: CoreLogic

The latest S&P/Case-Shiller Home Price Indices, which include data through July, show national home prices in its 20-city composite index up 1.2 percent from a year ago. All of the markets in the S&P/Case-Shiller 20-city composite posted monthly gains for the third month in a row.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Network with CoStar, Redfin, Realogy, SERHANT., Divvy, and thousands more in-person at ICLV this October. Prices go up Sunday.Register Now×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription