Home prices close in on housing bubble peak | Bedford Corners Homes

Nationwide, home prices are now just 14 percent off of their bubble era peak, according to real estate data and technology firm Lender Processing Services.

LPS’ U.S. Home Price Index came in at $231,000 in August, up 9 percent year over year and a slight 0.4 percent from July. The index peaked at $270,000 in June 2006.

Texas, in particular, is booming. The state’s HPI hit a new peak of $185,000 in August, as did Texas metros Austin ($240,000), Dallas ($184,000), Houston ($185,000) and San Antonio ($172,000).



Source: LPS

– See more at: http://www.inman.com/wire/home-prices-close-in-on-housing-bubble-peak/#sthash.3AZ7TiWq.dpuf

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.