Top 10 Areas in U.S. Experiencing Highest Price Increases

This is a very interesting article illustrating how California home values have increased compared to other states in the U.S. Feel free to call me if you have any questions with regard to loan program qualification.

Tom

Home Prices Continue Higher, Some States Above Pre-Crisis Peaks

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Apr 28 2014, 12:06PM

Home prices nationwide have now recovered to within 13.5 percent of the peak they reached in June 2006.  The national Home Price Index (HPI) provided by Black Knight Financial Services' Data and Analytics Division is $233,000, inching closer to the $270,000 HPI that was the pre-crisis peak. This presents an increase of 7.6 percent from an HPI of $217,000 in March 2014 and a 0.7 percent increase from February. 

Ten states had increases in their HPI's greater than that 0.7 national monthly average.  Oregon and Washington posted monthly gains of 1.4 percent followed by California Nevada, and Hawaii at 1.3, 1.2, and 1.1 percent respectively.  Other states with larger averages were Colorado, Missouri, the District of Columbia, Texas, and Illinois.  The smallest improvements were in Ohio and Vermont which were unchanged from February, Arkansas, up 0.1 percent, and Connecticut, Maryland, Kentucky, New Jersey, and Massachusetts each of which had a 0.2 percent increase in their respective HPIs.