Home prices continued to inch up in November, according to Lender Processing Services’ (LPS) Home Price Index (HPI) for the month.LPS’ data showed home prices increased to an average $207,000 in November, an increase of 0.5 percent from $206,000 in October. On a year-over-year basis, prices were up 5.1 percent from November 2011’s $197,000.
Year-to-date, November’s HPI was up 5.8 percent from $196,000 in January, according to LPS. The recorded peak for this cycle (reached in June 2006) was $266,000 Read more ....
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