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Th e M Rep o RT | 55 O r i g i nat i O n s e r v i c i n g a na ly t i c s s e c O n da r y m a r k e t ANALYTICS around the u.s. ANALYTICS Source: Arch Mortgage Insurance Summer 2015 Housing & Mortgage Market Review State 12-Month hPI Change Colorado 10.4 Percent Washington 9.9 Percent Nevada 9.1 Percent Hawaii 8.9 Percent Oregon 8.8 Percent South Dakota 8.7 Percent New York 8.3 Percent Florida 8.0 Percent South Carolina 7.8 Percent Texas 7.4 Percent Michigan 6.6 Percent California 6.5 Percent North Dakota 6.1 Percent Georgia 6.1 Percent Utah 6.0 Percent Tennessee 5.7 Percent District of Columbia 5.7 Percent Arizona 5.6 Percent Kansas 5.2 Percent Nebraska 4.8 Percent Arkansas 4.8 Percent Idaho 4.8 Percent Minnesota 4.8 Percent Montana 4.7 Percent North Carolina 4.7 Percent Rhode Island 4.6 Percent Vermont 4.3 Percent Oklahoma 4.1 Percent Indiana 4.0 Percent Wisconsin 4.1 Percent New Mexico 3.9 Percent New Hampshire 3.6 Percent Delaware 3.5 Percent Alabama 3.2 Percent Missouri 3.2 Percent Iowa 3.1 Percent Kentucky 3.0 Percent Ohio 3.0 Percent Pennsylvania 2.6 Percent Wyoming 2.6 Percent Illinois 2.4 Percent New Jersey 2.3 Percent Alaska 2.2 Percent Virginia 2.0 Percent Connecticut 1.4 Percent Maine 0.8 Percent Maryland 0.5 Percent Louisiana 0.4 Percent West Virginia 0.3 Percent Massachusetts -2.1 Percent Mississippi -0.8 Percent consumer confidence a Factor driving Up Home Price index l ow mortgage rates and stronger consumer confidence are driving home sales and home prices upward. According to CoreLogic's July 2015 Home Price Index (HPI) Report, home prices, including distressed sales, rose 6.9 percent year-over-year in July. Home prices rose 6.7 percent excluding distressed sales. "Low mortgage rates and stronger consumer confidence are supporting a resurgence in home sales of late," said Anand Nallathambi, president and CEO of CoreLogic. "Adding to overall housing demand is the benefit of a better labor market which has provided millennials the financial independence to form new households and escape ever-risings rental costs." The index showed that two states had negative home price appreciation: Massachusetts (-2.1 percent) and Mississippi (-0.8 percent). Alaska, Arkansas, Colorado, Hawaii, Iowa, Kentucky, Montana, Nebraska, New York, North Carolina, North Dakota, Oklahoma, South Dakota, Tennessee, and Texas reached new home price highs.