LPS Home Price Index Rises; 9 of The Top 10 Metro Areas in CA

Hot news from AZ Home Help:

Posted To: MND NewsWire

Lender Processing Services, Inc. (LPS) said Monday that its Home Price Index (HPI) for February was up 1.0 percent to $210 from the end-of-January Index of $208. The February 2013 index is 7.03 percent higher than the $196 HPI at the end of February 2012 but remains well below the peak HPI of $265 in June 2016. The LPS HPI is based on a repeat sales analysis of home prices as of their transaction dates for each of more than 15,500 ZIP codes. It represents the price of non-distressed sales by taking into account price discounts for sales of foreclosed homes and short sales. States with the largest month over month increases in HPI were California and Washington State which were both up 2.2 percent, Nevada with a 1.8 percent increase and Hawaii and Illinois up 1.6 percent and 1.4 percent respectively...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

Source: http://www.mortgagenewsdaily.com/04292013_lps_hpi.asp

- For more real estate news visit our website at http://www.AzHomeHelp.com