Home Prices Rise; Achieve New Highs in Three States

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Home prices have risen 4.6% over the last year, according to new data from Black Knight Financial Services, and experienced the largest monthly climb in prices since June 2014.

Home prices in three of the 20 largest states Colorado, New York and Texas hit their all-time highs, as well as in nine of the 40 largest metro areas.

Those nine cities are Austin, Texas; Columbus, Ohio; Dallas; Denver; Honolulu; Houston; Nashville, Tenn.; San Antonio; and San Jose, Calif.

At $242,000, Black Knight’s home price index is only 9.5% off its all-time peak of $268,000, achieved in June 2006.

Colorado was the strongest growing state for home values, with a year-over-year rise of 9.4%.

Article source: http://www.nationalmortgagenews.com/news/origination/home-prices-rise-achieve-new-highs-in-three-states-1049715-1.html

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