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More States, Metros Exceed Pre-Crash Price Peaks
Monday, July 27, 2015
Another report shows home price values in May close to, if
not exceeding, those prior to the housing crisis. The latest, from Black Knight Financial
Services, shows that home prices in the U.S. increased by 1.1 percent from
April to May and were up 5.1 percent year over year.
Black Knight says that the current value of a property on
its Home Price Index (HPI) is $251,000.
This is within 6.5 percent of the June 2006 peak of $268,000 and up 25
percent from the bottom of the market in January 2012.
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