The pace of appreciation of US home prices eased in July according to new figures from Black Knight Financial
The pace of appreciation of US home prices eased in July according to new figures from Black Knight Financial.
Prices have been growing during the first 6 months of 2017 but July’s data shows only a 0.5% rise from June, 6.2% year-over-year. This compares to growth month-over-month in March of 1.3%.
Of the 20 largest states, only Virginia saw a reduction in prices, slipping 0.2% in July compared to June. Among the 40 largest metros, there were small price declines for Virginia Beach, Va., Los Angeles, Calif., and Washington, D.C.
Overall, 11 of the 20 largest metros hit record highs for prices in July.
San Jose has seen prices rise 11.1% since the start of the year and the HPI for the metro has now topped $1 million!
Prices in New York state also remain strong, leading monthly appreciation across all states with a 1.8% gain.
Nationally, the Black Knight HPI hit $281,000 in July.
Largest States’ HPI Changes from Last Month (Ranked by Population)
Largest Metros’ HPI Changes from Last Month (Ranked by Population)
Prices have been growing during the first 6 months of 2017 but July’s data shows only a 0.5% rise from June, 6.2% year-over-year. This compares to growth month-over-month in March of 1.3%.
Of the 20 largest states, only Virginia saw a reduction in prices, slipping 0.2% in July compared to June. Among the 40 largest metros, there were small price declines for Virginia Beach, Va., Los Angeles, Calif., and Washington, D.C.
Overall, 11 of the 20 largest metros hit record highs for prices in July.
San Jose has seen prices rise 11.1% since the start of the year and the HPI for the metro has now topped $1 million!
Prices in New York state also remain strong, leading monthly appreciation across all states with a 1.8% gain.
Nationally, the Black Knight HPI hit $281,000 in July.
Largest States’ HPI Changes from Last Month (Ranked by Population)
| California | 0.2% |
| Texas | 0.4% |
| Florida | 0.7% |
| New York | 1.8% |
| Illinois | 0.7% |
| Pennsylvania | 0.2% |
| Ohio | 0.4% |
| Georgia | 0.8% |
| North Carolina | 0.0% |
| Michigan | 0.5% |
Largest Metros’ HPI Changes from Last Month (Ranked by Population)
| New York, NY | 1.5% |
| Los Angeles, CA | -0.2% |
| Chicago, IL | 0.7% |
| Dallas, TX | 0.4% |
| Houston, TX | 0.2% |
| Philadelphia, PA | 0.1% |
| Washington D.C. | -0.1% |
| Miami, FL | 0.4% |
| Atlanta, GA | 0.8% |
| Boston, MA | 0.4% |
