Survey: Local home prices hit records in summer
By Julie Schmit USA Today
Published: Tuesday, Oct. 9, 2012, 12:01 a.m.
As home prices begin to edge up after largely falling for years, prices in a smattering of cities are at all-time highs, new data show.
More than 100 metropolitan areas hit their peak home prices in July and a few in June, according to data through July from mortgage tracker Lender Processing Services. Those areas include Pittsburgh and Anchorage.
Fifty other areas are within 2 percent of their previous peaks, LPS' home price index shows. Examples: Austin; Denver and Boulder, Colo.; Indianapolis; and Portland, Maine.
Some of the markets have risen in tandem with growing local economies, especially those built on strong energy and agricultural business.
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