Black Knight: House Price Index up 0.1% in December, Up 5.5% year-over-year

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted.

From Black Knight: Black Knight Home Price Index Report: December Transactions U.S. Home Prices Up 0.1 Percent for the Month; Up 5.5 Percent Year-Over-Year

• U.S. home prices were up 0.1 percent for the month, and have gained 5.5 percent from one year ago

• At $253K, the national level HPI remains 5.3 percent off its June 2006 peak of $268K, and up 27 percent from the market’s bottom in January 2012

• Among the 20 largest states tracked by Black Knight, New York and Texas both hit new peaks in December

• Of the nation’s 40 largest metros, 8 hit new peaks – Austin, TX; Dallas, TX; Denver, CO; Houston, TX; Nashville, TN; Portland OR, San Antonio, TX and San Francisco, CA

The year-over-year increase in the index has been about the same for the last year.

from Calculated Risk http://ift.tt/1UtXqiB
via YQ Matrix