Real Estate The Ticker

U.S. January 2016 home prices rise just 0.1%

Home prices now up 26.7% since 2012 low

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January’s home prices rose slightly, 0.1% month-over-month and 5.3% yearly, according to the home price index report by Black Knight Financial Services.

The report considers repeat sales data and loan-level mortgage performance data to produce its measure of home prices available. Black Knight also uses data from non-disclosure states, states that do not include property sales price information as part of their public records, by combining and matching records across its data assets.

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Black Knight Jan 2016

(Source: Black Knight)

This increase is almost equivalent to December 2015’s increase from November with a monthly increase of .01% and an annual increase of 5.5%.

With a national HPI of $253 thousand, home prices are now just 5.4% below the June 2006 peak of $267 thousand, according to the report.

New York came out on top again with 0.9% month-over-month increase, and Illinois saw the most decrease at 0.4%.

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New York HPI Dec 2015

(Source: Black Knight)

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Illinois HPI Jan 2016

(Source: Black Knight)

Yet again, from the nations largest 20 states, two hit new peaks:

  • New York ($351K)
  • Texas ($217K)

Of the nation’s 40 largest metros, nine hit new peaks:

  • Austin, Texas ($287K)
  • Dallas, Texas ($220K)
  • Denver, Colorado ($327K)
  • Houston, Texas ($220K)
  • Kansas City, Missouri ($173K)
  • Nashville, Tennessee ($222K)
  • Portland, Oregon ($326K)
  • San Francisco, California ($728K)
  • San Jose, California ($867K)


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