Posted To: MND NewsWire
A strong market in the Mountain West drove U.S. home prices up 1.1 percent in May. The Black Knight Home Price Index (HPI) put Idaho , Utah , and Colorado in the top five states for price increases and metropolitan areas in the region accounted for eight of that top ten Prices were up 5.4 percent year-over-year to an index of $263,000. The annual price increase in April was identical and the previous three months had each come in at 5.3 percent. The May figure means the HPI has risen by 31.7 percent since hitting bottom in 2012 and is just 1.8 percent off the June 2006 peak. All states and metro areas saw prices increases in May, with six of the largest 20 states and 15 of the 40 largest metros hitting new peaks. In that “largest” universe the only annual price declines were in Missouri, the…(read more )