Home prices creep up in December

by Anna Sobrevinas28 Feb 2017
Home prices crept up slightly month over month in December, according to new data from Black Knight Financial Services. 

Home prices rose by 0.1% from November, according to Black Knight’s latest Home Price Index report. Home prices rose by 5.7% for all of 2016.  Meanwhile, foreclosure pre-sale inventory rates dropped by 0.3%.

For the sixth consecutive month, New York topped the list as the state with the largest month-over-month price appreciation at 1.2%. In addition, eight cities from New York ranked in the 10 best-performing metros.

The opposite goes for Michigan, as its HPI fell by -0.7% from last month, and eight of its cities were on last month’s 10 worst-performing metros.

Top 10 Movers, State-Level

New York

1.2%

Washington

0.5%

New Jersey

0.4%

Kansas

​ 0.4%

Vermont

0.4%

Maine

0.4%

South Dakota

​ 0.4%

Hawaii

0.3%

Mississippi

0.3%

Arkansas

0.3%

Source: Black Knight Financial Services



Related stories:
U.S. home prices spike 5.7% year-over-year
What are the world’s most expensive places to rent?
 

COMMENTS

Poll

Should CFPB have more supervision over credit agencies?