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LPS: National home prices rise slightly

Home prices in the U.S. edged up 1.1% to an average price of $200,000 in April, while falling a slight 0.1% from year ago levels, Lender Processing Services Inc. said Friday.

LPS (LPS) reached this conclusion in its First Look Home Price Index Report, which reports on the status of home prices in 15,500 different U.S. zip codes.

The HPI report from LPS shows prices on all non-distressed transactions.

Regions with the steepest price gains included Alaska, with a 2.6% price increase; Washington D.C. (up 2.4%); and Georgia (up 2.2%).

Metro areas with the largest gains included Anchorage (up 2.6%); Phoenix (up 2.3%); and Atlanta (2.1%).

Looking at the largest U.S. states, California ended up with an average home price of $294,000 in April, up 0.6% from the previous month, but down 1% from year ago levels.

Texas was up 1% over last year and from March, with the average home price hitting $173,000.

Florida's average home price hit $152,000, edging up 0.6% from the previous month and from last year.

New York and New Jersey home prices hit $293,000 and $287,000, respectively.

For New Jersey, prices are down 2.4% year-over-year, but up 0.9% from last month. New York prices are up 0.9% from the previous month and 0.4% from 2011.

kpanchuk@housingwire.com

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