Prices showed a steady increase during the winter season, which is traditionally slack in terms of housing demand.
Clear Capital said the 1 per cent quarterly growth was a bit slower than the recent ramp up in US prices, but was a handy enough result given the season.
According to the forecaster, markets in the west of the country led the way with Las Vegas, Phoenix and Sacramento posting double-digit gains year-on-year. Atlanta and Miami - other strong markets - continued to show decent gains. You can see the results for individual markets in the table below, but overall, the data points to ongoing strength in housing.
It's still obviously coming off a low base following the collapse in 2008, but those thinking about getting into the US market should start the research process soon. As always, we say the best way to do that is with a copy of Buying Property in the USA: A Foreign Investor's Guide.
Those who want to try before they buy can sign up for updates using the form to the right and receive a free truncated copy of the book.