Real Estate News
--> New York News
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.
Email Marian McPherson
Article image credited to Pedro Lastra / Unsplash
KW debuts AI virtual assistant and referral platform
by Andrea VBrambila | Feb 18
7 home maintenance tasks sellers must do before listing
by Cara Ameer | Feb 26
How to create a brokerage culture of inclusion
by Gill South | Feb 23
Where real estate marketing is headed in 2018
by Brian Hopper | Feb 19
The ultimate real estate agent home inspection checklist
by Inman Content Studio | Feb 26
Average U.Shome has gained $55k in value since bust
But some markets have yet to fully recover from the crisis
by Marian McPherson | Jan 26
Existing-home sales drop 3.2%, largest decline since 2014
Continued inventory shortages are to blame for the two-month slump
by Marian McPherson | Feb 21
Here are the hottest housing markets of 2018 via Zillow
San Jose tops the list of 10 markets around the country, many in cities with thriving tech industries
by Jotham ?Sederstrom | Jan 9
Housing inventory hit all-time low in Q4 2017: NAR
Median home price increased 5.3% YOY to $247,800
by Marian McPherson | Feb 13
Back to top
Code of Conduct
Inman Facebook group
Agent War Room
Broker War Room
Trending New York News:
Real estate agency Purplebricks scores $177 million ahead of NYC move
In thriving New York, SoHo’s soaring rents keep storefronts empty
Office market recovery slows to a crawl
Entrepreneur Thomas Guss speaks the language of real estate
E-House To Buy Stake In Century 21's China Partner; IFM Shares Soar
Why Hasn’t the Internet Disrupted Real Estate?
The Top Tweeters of NYC Real Estate
Mideast capital boosts global real estate market
Mid-America Apartment Communities buying Colonial Properties Trust in all-stock deal
RentJuice Introduces Free Online Directory of Rental Professionals
Renown Manhattan Real Estate Attorney Invited To Speak At Prestigious REBNY Program
Helios AMC Acquires The Situs Cos.
Houston slips off radar of foreign investors in commercial real estate
NYC real estate loves old tricks for new homes
Real Estate/Private Equity lawyer Thomas G. Maira joins DLA Piper in New York
William Lyon Homes rises in 1st day on NYSE
NYC Officials Take Notice of Astronomical Subway Construction Costs
Young Israeli takes bite out of New York’s high-end hummus market
Studley Appoints Heidi Learner As New Chief Economist
Sahara India Pariwar buys NY's Plaza Hotel