black-knight-house-price-index-up-0-1-in-january-up-5-3-year-over-year

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted.

From Black Knight: Black Knight Home Price Index Report: January Transactions; U.S. Home Prices Up 0.1 Percent for the Month; Up 5.3 Percent Year-Over-Year

• U.S. home prices were basically flat for the month, rising just 0.1% from December, and up 5.3% on a year-over- year basis

• This puts national home prices up 26.7% since the bottom of the market at the start of 2012

• At $253K, the national level HPI is now just 5.4% off its June 2006 peak of $267K (this last has been revised slightly – from $268K – due to additional historical data)

• New York again led gains among the states with 0.9 percent month-over-month appreciation, while Illinois saw the most negative movement at -0.4 percent

• Of the nation’s 40 largest metros, 9 hit new peaks:

◦Austin, TX ($287K)

◦Dallas, TX ($220K)

◦Denver, CO ($327K)

◦Houston, TX ($220K)

◦Kansas City, MO ($173K)

◦Nashville, TN ($222K)

◦Portland, OR ($326K)

◦San Francisco, CA ($728K)

◦San Jose, CA ($867K)

The year-over-year increase in the index has been about the same for the last year.

black-knight-house-price-index-up-0-1-in-january-up-5-3-year-over-year