Home Prices Hit New Peaks In Five US States In May [MAP]

 @lisamahapatra
on July 17 2013 11:32 AM
Are Home Prices Rising Too Quickly?
Home prices hit new peaks in five U.S states and Washington DC in May. Scroll down for an interactive map. Lisa Mahapatra

Five U.S. states and Washington, D.C., hit new CoreLogic Home Price Index peaks in May, according to CoreLogic’s latest Home Price Index report. Home prices in Texas, Oklahoma, South Dakota, Alaska and Vermont are all higher than they were before the financial crisis hit.

Home prices in Nebraska haven’t hit a new peak yet, but are close to prerecession levels. Home prices in Colorado, North Dakota, Louisiana and Tennessee are also quite close to their prerecession peaks.

However, home prices across the U.S. were 20.4 percent below their April 2006 peak. The state most below its mid-2000s peak is Nevada -- it’s 43.9 percent under its May 2006 peak, and that’s not including distressed properties. Home prices in Florida, Arizona and Michigan are also more than 30 percent below their mid-2000s peaks.

Check out this map of U.S. states color coded by percent difference in that state’s Housing Price Index from its peak. Click on any state for more information:

Share this article

More News from IBT MEDIA