Mortgage

Black Knight’s HPI surprises with biggest movers

Western states lead the pack

Black Knight's home price index for October reports that Western states took up the majority of the top 10 biggest movers, kicking states like New York and Florida off the list.

Six of the top 10 states were in the West, with Montana landing first place at 0.8% growth. This is up from seventh place in September at 0.3% growth.  

In comparison, only two western states made the list in September and four in August.

Here are the three monthly charts in order:

Click to enlarge

August

HPI

Source: Black Knight

Click to enlarge

September

HPI

Source: Black Knight

Click to enlarge

October

HPI

Source: Black Knight

Black Knight reported that home prices edged back up after last month’s extremely slight decline — they rose 0.1% in October (4.5% from last year), putting the U.S. 10.4% off its June 2006 peak.

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