Home Prices Less Than 4% Off All-Time High: Black Knight

Home prices nationwide in March were just 3.8% down from their June 2006 peak, according to the latest Home Price Index from Black Knight Financial Services.

The Jacksonville, Fla., company reported Tuesday that the U.S. HPI in March was $257,000, up 1.2% from the previous month. March's HPI also represented a 5.3% increase from 2015, same as the previous two months.

Washington continued to lead the country in price appreciation, with 2.1% growth. The Pacific Northwest state was followed by Illinois, Oregon and Colorado, which all posted 1.9% gains.

Similarly, four cities in Washington cracked the top 10 list of metropolitan areas with the highest HPI growth. Seattle tied with Boulder, Colo., and Portland, Ore., to top the rankings with a 2.2% increase. Other cities outside of Washington to crack the top 10 included Chicago, San Jose, Calif., Denver and Muskegon, Mich.