California leads nation in price growth

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The Golden State’s price recovery seems to be overshadowing those of other regions, data from Lender Processing Services (LPS) suggests.

All but one of the top 10 metros with the highest price gains in April are located in the California, according LPS’ April Home Price Index Report.

California also led the country in price growth, posting a 17.9 percent annual gain in April, LPS said. And one of its cities, San Francisco, reportedly registered the highest price gain of all U.S. metros, with its monthly price growth clocking in at 3.6 percent in April.

Overall, LPS reported that U.S. home prices rose 1.5 percent month over month in April, and were up 8.1 percent from last year. Home prices increased in all of the 20 largest states and 40 largest metros in April, LPS reported. Source: LPS

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