From Black Knight: Black Knight Home Price Index Report: January Transactions; U.S. Home Prices Up 0.1 Percent for the Month; Up 5.3 Percent Year-Over-Year
• U.S. home prices were basically flat for the month, rising just 0.1% from December, and up 5.3% on a year-over- year basisThe year-over-year increase in the index has been about the same for the last year.
• This puts national home prices up 26.7% since the bottom of the market at the start of 2012
• At $253K, the national level HPI is now just 5.4% off its June 2006 peak of $267K (this last has been revised slightly - from $268K - due to additional historical data)
• New York again led gains among the states with 0.9 percent month-over-month appreciation, while Illinois saw the most negative movement at -0.4 percent
• Of the nation’s 40 largest metros, 9 hit new peaks:
◦Austin, TX ($287K)
◦Dallas, TX ($220K)
◦Denver, CO ($327K)
◦Houston, TX ($220K)
◦Kansas City, MO ($173K)
◦Nashville, TN ($222K)
◦Portland, OR ($326K)
◦San Francisco, CA ($728K)
◦San Jose, CA ($867K)
from Calculated Risk http://ift.tt/1TeBTKT
via YQ Matrix
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