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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 ...

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FasterBetterTogether.Inman Connect San Francisco, Jul 17-20, 2018 Learn More 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 Trending 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 Show Comments Hide Comments Comments Related Articles 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 Inman About Contact Support Advertise Sponsor Connect Careers Code of Conduct Privacy Terms of Use Products Select Inman Pro Market Intel Community Inman Facebook group Agent War Room Broker War Room Vendor Exchange Contributor submissions Image submissions Awards Inman 101 Inman Innovators Inman Influencers

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