Real Estate Investing Today - Brad Beckett - 26 April 2017
Black Knight Financial Services recently released their February, 2017 Home Price Index (HPI) reporting that U.S. home prices were up 5.7% year over year in February and up .08% for the month. The HPI value for February was $268k – a new post-crisis peak! In addition, home prices in six of the nation’s 20 largest states (Massachusetts, New York, North Carolina, Tennessee, Texas and Washington) and nine of the 14 largest metros hit new peaks (Austin, TX; Boston, MA; Charlotte, NC; Columbus, OH; Dallas, TX; Denver, CO; Houston, TX; Kansas City, MO; Nashville, TN; Portland, OR; San Antonio, TX; San Francisco, CA; San Jose, CA; and Seattle, WA). 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.