Black Knight HPI report highlights

Some highlights from September’s data:

  • The national-level HPI rose by 0.16 percent in September ($282K), marking another new high for U.S. home prices
  • The rate of monthly appreciation declined once again, falling by one-third from August and marking the sixth consecutive month of slowing growth
  • Year-over-year growth, however, accelerated slightly in September, rising to 6.36 percent
  • New York home price appreciation lead all states for the third month in a row, with a 1.08 percent rise in home prices from August
  • Half of the nation’s 20 largest states and 17 of the largest metros saw prices fall from last month
  • Michigan saw the largest decline of all states at -0.61 percent and the Detroit metro’s -0.58 percent decline led all metros; even so, Detroit home prices are up over 10 percent since the start of 2017
  • All of the top 10 best performing metros saw home prices grow by 1.1 percent or more in September, with Kennewick, WA leading the way at 1.99 percent monthly appreciation
  • San Jose, CA continued to show very strong growth, with home prices there up more than 15 percent year-over-year and an HPI value of just over $1.03 million
  • Seattle, WA and Las Vegas, NA followed, with home prices up 14 and 11.57 percent from this time last year, respectively
  • The number of states and metros setting new home price peaks continued to fall, with just six of the 20 largest states and 11 of the 40 largest metros hitting new highs in September
  • Among the 20 largest states tracked by Black Knight, Massachusetts, New York, North Carolina, Ohio, Tennessee and Washington hit new peaks
  • Of the nation’s 40 largest metros, new peaks were observed in Boston, MA; Charlotte, NC; Columbus, OH; Dallas, TX; Los Angeles, CA; Nashville, TN; New York, NY; San Diego, CA; San Francisco, CA; San Jose, CA and Seattle, WA

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s