Lender Processing Services Home Price Index

The Lender Processing Services Home Price Index -- reporting data through January 2012 -- was released Monday, April 9th.  According to LPS methodology, the Washington area was the only housing market to report a rise in home prices.

Washington, DC

• Among the 585 metro areas for which LPS and the Bureau of Labor Statistics provide data, average home prices increased during January only for Washington, DC.

Nationwide

• The national average home price for transactions during January 2012 declined 0.9% to a price level not seen since March 2003. Early data suggests slowing likely in February's upcoming report, to a 0.3% drop.

• Of the more than 585 metro areas covered, average prices declined for all (433) in 39 states. In addition, while average prices did not decline for all metro areas in the remaining states, prices fell in a total of 524.

Lender Processing Services, Inc. (LPS) is a leading provider of technology, data and analytics for the mortgage and real estate industries. Approximately 50% of all U.S. mortgages by dollar volume are serviced using LPS' loan servicing platform. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries.  Most of the nation’s top 50 banks have chosen LPS to provide the solutions they need to achieve their business goals and succeed in today's competitive marketplace.