Annual home prices in April increased 6.8 percent, making it the 38th consecutive month of year-over-year home price gains, according to the CoreLogic Home Price Index.
Month-to-month, prices rose 2.7 percent in April compared with March.
Home prices nationwide are still 9 percent below their peak set in April 2006.
“Old fashioned supply and demand, fueled by historically low mortgage rates and improving consumer finances and confidence, continue to push home prices up,” Anand Nallathambi, president and CEO of CoreLogic, said in the report.
He added that he expects housing prices to continue to appreciate throughout 2015 and into the next year.
In May, housing prices are projected to be 1.1 percent higher than they were in April, according to the report.
Only four states saw home price depreciation in April: Massachusetts, 1.7 percent; Louisiana, 1.5 percent; Connecticut, 1.1 percent; and Maryland, 0.7 percent.
The five states that registered the highest year-over-year home price growth in April were South Carolina, 11.4 percent; Colorado, 9.7 percent; Washington, 9.1 percent; Florida, 9 percent; and Texas, 8.3 percent.
