Black Knight Financial Services released their Home Price Index (HPI) report for October showing that home prices were up just 0.2% from September and up 5.6% from one year ago. This number also marks 54 consecutive months of sustained year-over-year growth. Currently at $266K, the U.S. HPI has risen over 33.5% from the market’s bottom and is now within just 0.4% of a new national peak. The report also shows that home prices in 6 of the nation’s 20 largest states and 7 of the 40 largest metros hit new peaks in October. Covering 90% of U.S. residential properties at the ZIP-code level, 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.
