Nationally, home prices increased 18.1% in August 2021, compared to August 2020, marking the largest 12-month growth in the history of the CoreLogic Home Price Index (HPI), a series that began in January 1976.
In August, home prices rose sharply in the Pacific Northwest with Bend, Ore., experiencing the highest year-over-year increase at 37.2%. Twin Falls, Idaho, ranked second with a year-over-year increase of 35.8%.
On a month-over-month basis, home prices increased by 1.3% nationally compared to July 2021.
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