Home prices in the U.S. continued to increase from February to March, up 1.4% from the previous home index report, and up 7.6% from one-year prior, Lender Processing Services reported in its March U.S. Home Price Index report.

The average home price in March hit $213,000, up 2.9% from the start of the year, when the average home price was $207,000. This is a strong indicator of a healing housing market and improved consumer confidence. 

()

()

San Jose, Calif. lead the metros with the largest month-over-month gain, seeing a 3.0% gain in home values. Atlanta, Ga., and Las Vegas, Nev., tied for second, both seeing a 2.6% gain in home values. San Francisco, Calif., and Deltona, Fla., also made the top-five list, both with a 2.3% increase. 

Georgia was the state with the largest month-over-month jump, with a 2.6% improvement. Nevada came in a close second, at 2.4% growth. Washington, D.C., Washington and Illinois also saw strong growth, with 2.2%, 2.1% and 2.1% improvements, respectively.

 

LPS (LPS) analyzes data from more than 15,500 ZIP codes to compile its report. 

mhopkins@housingwire.com

Most Popular Articles

CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By

Latest Articles

Americans are staying put in record numbers

The share of people who moved in the 12 months through March fell to the lowest level on record, adding to the woes of a housing market plagued by supply shortages.

Nov 21, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please