Black Knight: Home prices tick up 0.9% in May
Continues upward trend
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)