Price Gains Accelerating Again

Prices Rising

Nationally the Home Price Index (HPI) is now within 7.6 percent of the peak value it reached in July 2006 of $268,000. Several states have already established new high-water marks for prices including Colorado and Texas which have done so nearly monthly for over a year. Among the largest metropolitan areas Austin, Dallas, Houston, and San Antonio all hit new peaks along with Columbus, Ohio, Denver, Honolulu, Nashville, San Francisco and San Jose. Both Boston and Portland, Oregon are now less than 0.75 percent away from doing so as well. Prices as measured by the HPI went up in every state from March to April, led by Washington with a 2.0 percent gain. Michigan and Colorado followed, each at 1.7 percent, Oregon at 1.6 percent, and both Minnesota and the District of Columbia at 1.3 percent. 

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