U.S. home prices edged up between Oct. and Nov.
Values rise 8.5% year-over-year
The real estate recovery continued in the latter part of 2013, but showed signs of slowing down even as prices made significant gains from year earlier levels.
A new report to be released by Black Knight Financial Services later today shows U.S. home prices edged up 0.3% from November 2013 to December, while still rising a significant 8.5% from a year earlier.
The report is from Black Knight Financial Services, previously known as the LPS Data & Analytics division.
The average price in November came in at $232,000, up from $214,000 a year ago and $270,000 during the peak of the real estate bubble.
Black Knight Financial Services compiled the data for its Home Price Index by studying loan-level data from transactions recorded in 18,500 U.S. zip codes.
The index analyzes prices for non-distressed home sales and also takes into account price discounts for REOs and short sales.
Florida led the nation in monthly price increases, accounting for nine of the top 10 gaining metros. Las Vegas prices rose nearly 24% from last year, but remain 44% off the peaks established before the real estate bubble bust.
Texas and Colorado also hit price peaks that moved higher than those recorded in bubble years. Meanwhile, national home prices remain 13.9% below the June 2006 peak.