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
This post was last modified on %s = human-readable time difference 9:12 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
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Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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