Home prices were up 0.3% for the month, rising 5.5% on a year-over- year basis, according to the August house price index from Black Knight Financial Services.
This puts national home prices up 5.6% since the beginning of the year and 27% since the bottom of the market at the start of 2012.
At $253,000, the national level HPI is now just 5.3% off its June 2006 peak of $268,000.
New York led gains among the states, seeing 1.8% month-over-month appreciation, and accounted for every one of the month’s top 10 metro area movers as well.
Among the nation’s 20 largest states, 3 hit new peaks again in August:
New York ($358,000)
Of the nation’s 40 largest metros, 9 hit new peaks:
Austin, Texas ($286,000)
Boston, Massachusetts ($409,000)
Dallas, Texas ($218,000)
Denver, Colorado ($326,000)
Houston, Texas ($221,000)
Nashville, Tennessee ($217,000)
Portland, Oregon ($319,000)
San Antonio, Texas ($195,000)
San Francisco, California ($720,000)