Home prices barely increased, growing 0.1% for the month and 5.5% on a year-over-year basis from one year ago, according to the September house price index from Black Knight Financial Services.
Now that the HPI sits at $253K, it is only 5.4% off its June 2006 peak of $268K, and up 26.9% from the market’s bottom in January 2012.
In August, home prices were up 0.3%, rising 5.5% on a year-over-year basis.
Here is a look at the national level of home price trends.
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(Source: Black Knight)
Broken down, here are the changes for the ten largest states.
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California
Florida
Georgia
Michigan
North Carolina
New York
Ohio
Pennsylvania
Texas
Illinois
(Source for all photos: Black Knight)
