Home prices close in on housing bubble peak

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Nationwide, home prices are now just 14 percent off of their bubble era peak, according to real estate data and technology firm Lender Processing Services.

LPS’ U.S. Home Price Index came in at $231,000 in August, up 9 percent year over year and up a slight 0.4 percent from July. The index peaked at $270,000 in June 2006.

Texas, in particular, is booming. The state’s HPI hit a new peak of $185,000 in August, as did Texas metros¬†Austin ($240,000), Dallas ($184,000), Houston ($185,000) and San Antonio ($172,000).

Source: LPS