National home prices continued to recover in January, but prices were still far below their peak, according to the Home Price Index (HPI) report from Lender Processing Services, Inc. (LPS).
In January, national home prices averaged $208,000, up 0.3 percent from December and 6.7 percent year-over-year. However, prices were still 21.4 percent below their June 2006 peak.
The state that led with the biggest monthly price increase was
Three hard-hit states—
On the other hand, three east coast states struggled, with
Among metro areas,
Although prices are continuing their recovery in
by Esther Cho