Black Knight Home Price Index Report: October 2016 Transactions

 U.S. Home Prices Up 0.2 Percent for the Month; Up 5.6 Percent Year-Over-Year

- October's 5.6 percent annual home price appreciation marked 54 consecutive months of sustained year-over-year growth

- U.S. home prices were also up 5.6 percent from the start of 2016 and are now within just 0.4 percent of a new national peak

- New York led the states in appreciation for the fourth consecutive month, with home prices there gaining 0.7 percent from September

- Florida dominated the nation's best-performing metropolitan areas, accounting for eight of the top 10

- Home prices in Seattle, Wash., Portland, Ore., and Denver, Colo., continue to outperform, with each of the metros seeing annual home price appreciation rates of 10 percent or higher

- Home prices in six of the nation's 20 largest states and seven of the 40 largest metros hit new peaks

Black Knight Financial Services - 27 December 2016

JACKSONVILLE, Fla., Dec. 27, 2016 /PRNewswire/ -- Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on October 2016 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set, as well as its market-leading, loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available for both disclosure and non-disclosure states. Non-disclosure states do not include property sales price information as part of their publicly available county recorder data. Black Knight is able to obtain the sales price information for these states by combining and matching records across its unique data assets. 

Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates, for 18,000+ U.S. ZIP codes. Findings are available with or without seasonal adjustments, although all numbers that follow have not been seasonally adjusted. 

For a more in-depth review of this month's home price trends, including detailed looks at average home prices in the 20 largest states and 40 largest metros, please download the full Black Knight HPI Report at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/HPINow.aspx 

 

United States HPI:       $266K

Change from Last Month:        0.2%

Change from Last Year:   5.6%

Change from Peak:          - 0.4%

 

Largest States' HPI Changes from Last Month (Ranked by Population)

California:         0.2%

Texas:             0.1%

Florida:          0.7%

New York:      0.7%

Illinois:           -0.3%

Pennsylvania:  -0.3%

Ohio:               -0.1%

Georgia:          0.4%

North Carolina:      0.0%

Michigan:          -0.2%

 

Largest Metros' HPI Changes from Last Month (Ranked by Population)

New York, NY:        1.0%

Los Angeles, CA:   0.2%

Chicago, IL:         -0.2%

Dallas, TX:        0.3%

Houston, TX:       -0.1%

Philadelphia, PA:   -0.2%

Washington D.C.:   -0.1%

Miami, FL:      0.5%

Atlanta, GA:     0.5%

Boston, MA:      0.2%

 

Top 10 Movers, State-Level

New York:        0.7%

Florida:              0.7%

Washington:    0.7%

New Jersey:    0.6%

Idaho:             0.5%

Georgia:            0.4%

South Carolina:          0.4%

Tennessee:         0.4%

Kansas:           0.4%

Delaware:         0.4%

 

Top 10 Movers, Metro-Level

Daytona Beach, FL:   1.2%

Punta Gorda, FL:      1.2%

Lakeland, FL:        1.1%

Homosassa Springs, FL:       1.0%

Tampa, FL:          1.0%

New York, NY:         1.0%

Ocala, FL:             1.0%

Seattle, WA:           0.9%

Palm Bay, FL:      0.9%

Orlando, FL:        0.8%

To download the full Black Knight HPI Report, visit http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/HPINow.aspx

For more information about gaining access to Black Knight's full HPI dataset for your business, please send an email to dataanalyticsinfo@bkfs.com.