From Black Knight: U.S. Home Prices Up 0.2 Percent for the Month; Up 5.5 Percent Year-Over-Year
» U.S. home prices were up 0.2 percent for the month, and have gained 5.5 percent from one year agoThe Black Knight HPI increased 0.2% percent in October, and is off 5.3% from the peak in June 2006 (not adjusted for inflation).
» At $254K, the national level HPI is now just 5.3 percent off its June 2006 peak of $268K, and up 26.9 percent from the market’s bottom in January 2012
» New York led gains among the states for the fourth consecutive month, seeing 1.1 percent month-over-month appreciation, followed by Nevada and Utah, both of which rose 0.8 percent from September » Connecticut once again saw the most negative movement among the states in October, with home prices there falling by 0.6 percent month-over-month
» New York, NY and Reno, NV led the nation’s metro areas, with home prices there rising 1.2 percent from September
» All five California metro areas ranked among the nation’s 40 largest saw home prices decline in October, as did the state as a whole
» Home prices in New York, Tennessee and Texas all hit new peaks again in October
» Of the nation’s 40 largest metros, 7 hit new peaks in October – Austin, TX; Dallas, TX; Denver, CO; Houston, TX; Nashville, TN; Portland OR and San Antonio, TX
The year-over-year increase in the index has been about the same for the last year.
Note: Case-Shiller for October was released last week.
from Calculated Risk http://ift.tt/1O0bzjt
via YQ Matrix
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