LPS report reveals home price increase
Lender Processing Services (LPS) released its September Home Price Index report Monday, revealing a year-over-year increase of 3.6% since last September. Since the beginning of the year, the HPI rose 4.9%. See below for graph comparing HPI from 2005 to 2012.
Among the largest states in the U.S., California and New York led with a 0.4% month-over-month increase. In terms of metros, Washington D.C. came out on top with a 0.6% increase from August.
The largest month-over-month increase in HPI was in Arizona, Washington D.C., Georgia, Delaware and Maryland. Arizona holds the largest year-to-date increase in HPI, rising 14.4% since Jan. 1, 2012. The biggest decrease was seen in Rhode Island, Vermont, Illinois, Connecticut and Massachusetts.
Case-Shiller will release its September HPI report Tuesday. Stay tuned for HousingWire’s comparison of the two HPI reports.