Home prices nationally rose 0.9% in April, which is up 6.4% year-over-year, according to the most comprehensive and latest report from Black Knight Financial Services.
The report is based on April 2014 residential real estate transactions.
This puts U.S. home prices at just 12% off their 2006 peak.
The Music City, Nashville, hit a new peak in April. It was among seven of 40 largest metro areas to do so.
Click below to see the chart.
Nineteen of 20 largest states see month-over-month growth with no declines.
Looking at the states, Georgia and Massachusetts led monthly gain with 1.6% monthly growth, while Iowa and Arizona brought up the rear with 0.4% and 0.0%, respectively.
Click below to read the chart.
Nashville joined 6 other metro areas from the largest 40 in hitting a new peak in April at $200,000. Austin, Dallas, Denver, Houston, San Antonio and San Jose were the others.
The Black Knight HPI combines the company’s extensive property and loan-level databases to produce a repeat sales analysis of home prices as of their transaction dates every month for each of more than 18,500 U.S. ZIP codes.
The Black Knight HPI represents the price of non-distressed sales by taking into account price discounts for REO and short sales.