Once again, home prices are trending higher, rising 0.1% from October, and 5.5% on a year-over- year basis, the November Black Knight home price report found.

As a result, national home prices are up 27% since the bottom of the market at the start of 2012 and are just 5.3% off the June 2006 peak.

Click to enlarge

house

(Source: Black Knight)

The Black Knight HPI utilizes repeat sales data from the nation’s largest public records data set, as well as its “market-leading, loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available for both disclosure and non-disclosure states.”

Notably, New York led gains among the states for the fifth straight month, seeing 1.2% month-over-month appreciation, the report said.

The state accounted for five of the top 10 best performing in November, with NYC leading at 1% month-over-month growth.

Here’s a breakdown of just New York.

Click to enlarge

house

(Source: Black Knight)

Along with New York, Tennessee and Texas also hit new peaks in November:

  • New York ($357K)
  • Tennessee ($179K)
  • Texas ($216K)

And at the metro level, of the nation’s 40 largest metros, seven hit new peaks:

  • Austin, Texas ($286K)
  • Dallas, Texas ($221K)
  • Denver, Colorado ($329K)
  • Houston, Texas ($220K)
  • Nashville, Tennessee ($222K)
  • Portland, Oregon ($324K)
  • San Antonio, Texas ($195K)

Most Popular Articles

Fannie Mae, Freddie Mac watchdog prepping for "massive IPO"

The watchdog for Fannie Mae and Freddie Mac is interviewing Wall Street firms to handle a public offering that would dwarf any IPO in history, Fox says.

Dec 09, 2019 By

Latest Articles

Here are the cities where iBuyers are taking hold

With companies like Opendoor, Zillow and Redfin, homebuyers and sellers were no longer limited to the traditional method when they decided to buy and sell their homes. But just how much of an impact are those iBuyers having on the market itself?

Dec 11, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please