Eight cities where U.S. home prices are setting new records

The Wall Street Journal reports that home prices have returned to new highs in eight of the 40 largest metropolitan areas in the U.S. Nationally, prices are down 10.2% from their June 2006 peak, according to figures released by Black Knight Financial Services, a real-estate data firm.

The S&P/Case-Shiller index, which publishes data on 20 metro areas, has shown that prices in Denver and Dallas returned to new nominal highs in 2013.

Of the eight cities where prices have pushed to new highs, half of those record-setting markets are in Texas. Prices in Austin, Dallas and Houston have risen between 7% and 9% for the year through October, while prices in San Antonio are up 4.7%.

Prices have also risen to records in Denver and Nashville.

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