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CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.9 % year-over-year year-over-year (reported up 0.7 % month-over-month). Last month’s 7.2 % year-over-year gain was revised downward to 6.3 %. CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate.