As national home prices recover, Texas and Colorado are already busy setting new highs, data from Lender Processing Services, Inc. (LPS) revealed.
In June, national home prices rose to $229,000, representing a 1.2 percent gain from May, and a sharp 8.4 percent increase from a year ago, according to LPS’ Home Price Index (HPI). When compared to the index’s 2005 peak of $270,000, prices are still down 15.2 percent.
However, Colorado and Texas moved ahead of the national trend and hit new highs of $256,000 and $182,000, respectively.
Read more...Home Prices in Texas, Colorado Hit New Highs in June
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