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Home prices reach new peak, NY makes biggest gains
On the state level, New York led the way with a 1.71 percent month-over-month ... with a 0.21 percent month-over-month decrease in home prices. The ultimate real estate agent home inspection checklist Every month, Black Knight, Inc. releases a home ...
FasterBetterTogether.Inman Connect San Francisco, Jul 17-20, 2018
According to the most recent Home Price Index (HPI) report from Black Knight, Inc., home prices in December increased .10 percent month-over-month and 6.6 percent year-over-year to $283,000 — the 68th consecutive month of annual home price appreciation, and a new peak for six of the nation’s 20 largest states and 11 of the 40 largest metros.
On the state level, New York led the way with a 1.71 percent month-over-month home price increase followed by Georgia (+0.69 percent), North Carolina (+0.48 percent), Illinois (+0.37 percent) and Texas (+0.15 percent).
Meanwhile, Ohio had the lowest month with a 1.13 percent month-over-month decrease in home prices, and the state had seven of the nation’s 10 worst-performing metros of the month.
On the metro level, 11 of the 40 largest metros hit new home price peaks in December, while prices fell in another 20 metrosNew York City came out on top with a 1.25 percent increase from November 2017, and Atlanta (+0.76 percent), Chicago (+0.44 percent), Miami (+0.21 percent), and Dallas (+0.20 percent) rounded out the top five.
Boston, Massachusetts, performed the worst out of the 40 largest metros, with a 0.21 percent month-over-month decrease in home prices.The ultimate real estate agent home inspection checklist3 steps to help best prepare your sellers for their inspection READ MORE
Every month, Black Knight, Increleases a home price index (HPI), which measures home price changes across the countryBlack Knight’s HPI uses repeat sales data from a public records data set as well as Black Knight’s own loan-level mortgage performance dataNon-disclosure states do not include publicly available property sales price information; for these states, Black Knight combines and matches records across its own data assetsThe company reports real estate owned (REO) discount rates and five price levels across more than 18,000 ZIP codesNumbers have not been seasonally adjusted.
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Article image credited to Pedro Lastra / Unsplash
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