Another record high for US home prices says Black Knight

The national home price index from Black Knight Financial hit a new peak in June, with a 5.5% rise since the start of the year, a 0.9% gain in the month and a 6.2% rise year over year

Another record high for US home prices says Black Knight
The national home price index from Black Knight Financial hit a new peak in June, with a 5.5% rise since the start of the year, a 0.9% gain in the month and a 6.2% rise year over year.

The mortgage data and analytics division of Black Knight reported that all 50 states saw monthly gains led by Michigan (1.9%) and Wisconsin (1.8%). New York (1.7%), Vermont (​1.5%), New Hampshire ​ (1.4%) and Rhode Island (1.4%) complete the top 5.

The greatest appreciation of all metro areas, for the second straight month, was Carson City, Nevada where home prices gained 2.2%. The other metros gaining by at least 2% were Detroit, MI (​ 2.1%), Ithaca, NY (2.0%), ​Milwaukee, WI (2.0%) and Buffalo, NY (2.0%).

The current HPI value nationwide is $281,000, almost 41% above the trough of January 2012.

Among the nation’s 40 largest metros, Las Vegas, Nev., Nashville, Tenn. and Seattle, Wash. have all seen year-over-year gains of 10 percent or higher; and 12 of the 20 largest states and 21 of the 40 largest metros hit new home price peaks in June.​