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HousingWire Annual Virtual Summit

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Mortgage

Black Knight: Home prices rise 1% in April from March

Home prices gain almost 5% from April 2014

U.S. home prices were up 1% for the month, rising 4.9% on a year-over-year basis, according to Black Knight’s latest Home Price Index report, based on April 2015 residential real estate transactions.

This puts national home prices up nearly 3% since the start of the year and up just under 24% since the bottom of the market at the start of 2012.
At $248,000, the national level HPI is now just 7.6% off its June 2006 peak of $268,000.

Washington led gains among the states, seeing 2.0% month-over-month appreciation, while Seattle led metro areas with 2.2% growth from March.
Detroit, Michigan; San Jose, California, and Ft Collins, Colorado all saw home prices rise 2.0% for the month, making them three of the nation’s best performing metro areas.

Among the nation's 20 largest states, four hit new peaks in April:

  • Colorado ($294K)
     
  • New York ($345K)
     
  • Tennessee ($174K)
     
  • Texas ($208K)

Of the nation’s 40 largest metros, 10 hit new peaks: 

  • Austin, TX ($277K)
     
  • Columbus, OH ($181K)
     
  • Dallas, TX ($209K)
     
  • Denver, CO ($314K)
     
  • Honolulu, HI ($526K)
     
  • Houston, TX ($214K)
     
  • Nashville, TN ($213K) 
     
  • San Antonio, TX ($189K)
     
  • San Francisco, CA ($701K)
     
  • San Jose, CA ($847K)

Both Boston, MA and Portland, OR are within 0.75% of reaching new peaks.

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