Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted.

From Black Knight: Black Knight Home Price Index Report: June 2016 Transaction

• U.S. Home Prices Up 0.8 Percent for the Month; Up 5.3 Percent Year-Over-Year

• At $265K, the U.S. HPI is up 32.6 percent from the market’s bottom and is within just 1.1 percent of a new national peak

• Home prices in six of the nation’s 20 largest states and 14 of the 40 largest metros hit new peaks in June

The year-over-year increase in this index has been about the same for the last year.

Note that house prices are close to the bubble peak in nominal terms, but not adjusted for inflation.