Black Knight Financial Services released their Home Price Index (HPI) report for September showing that home prices were up just 0.1% from August and up 5.4% from one year ago. Currently at $266K, the U.S. HPI has risen over 33% from the market’s bottom and is now within just 0.6% of a new national peak. The report also shows that home prices in 7 of the nation’s 20 largest states and 7 of the 40 largest metros hit new peaks in September. 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. Their data covers nearly 90% of U.S. residential properties at the ZIP-code level in both disclosure and non-disclosure states.
Click here to read the full report at Black Knight Financial Services.
