Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
W S
Lending

Black Knight: Home prices tick up 0.9% in May

Continues upward trend

houses art

Home prices continue to slowly trend higher, rising .9% in May, up 5.9% from a year ago, according to the latest home price index report from Black Knight Financial Services.

This is now just 11% off the 2006 peak of $268,000, with the HPI coming in at $239,000.  

Meanwhile, Colorado and Texas both hit new peaks in May, reaching $269,000 and $195,000, respectively.

In addition, 20 of the largest 40 metros all experienced month-over-month growth.

Las Vegas still leads the largest metros in distance from its local market peak (-42.6%). For the 20 largest states, Florida holds that position, where prices are 32.4% lower than their April 2006 peak.

(Source Black Knight, click for larger image)

BK

BK

Recent Articles by Brena Swanson

Comments powered by Disqus