U.S. home prices spike 5.7% year-over-year

by Anna Sobrevinas01 Feb 2017
Black Knight’s Home Price Index reported a 0.2% increase for U.S. home prices last month and a 5.7% year-over-year increase.

Home prices are now 0.3% away from hitting a new national peak.

New York, for the fifth consecutive month, took the lead in monthly home price appreciation with a 1.1% increase from October to November.

However, Florida and Tennessee cities made up eight out of the 10 metro areas despite New York topping the list.

Here are Black Knight’s top performers in price appreciation:
 
Largest States’ HPI Changes from Last Month (Ranked by Population)​
 
​​California ​ -0.1%​
​Texas ​ 0.3%
​Florida ​ 0.4%
​New York ​ 1.1%
​Illinois ​ 0.4%
​Pennsylvania ​ 0.0%
​Ohio ​ -0.1%
​Georgia ​ 0.1%
​North Carolina ​ 0.2%
​Michigan  ​ 0.0%
 
 
 
Top 10 Movers, Metro-Level
 
New York, NY ​ 1.4%
Nashville, TN ​ 1.1%
Cape Coral, FL ​ 1.0%
​The Villages, FL ​ 0.9%
Knoxville, TN ​ 0.9%
Lakeland, FL ​ 0.9%
Coeur d'Alene, ID ​ 0.8%
​Kingsport, TN ​ 0.8%
​Ocala, FL ​ 0.7%
​Palm Bay, FL ​ 0.7%

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