Tag Archives: U.S. home prices crawl upward

U.S. home prices continued to inch their way up, showing a 0.5% increase from October to November, according to the latest Lender Processing Services home price index. Home prices grew 5.1% year-over-year, based on LPS’s analysis of homes in 15,500 ZIP codes. The LPS HPI is a study of non-distressed home sales and discounts the influence of REO sales and short-sale transactions. The average price for a home sold in the U.S. in November reached $207,000, dropping from a peak of $266,000 in June 2006, but up from $197,000 in […]