Black Knight: Home Prices Appear to Have Stabilized

Posted To: MND NewsWire

After accelerating on a year-over-year basis through every previous month in 2017, the rate of home price appreciation appears to have stabilized in July , at least according to one of the major price indices. Black Knight Financial Services said on Monday that prices on its national Home Price Index (HPI) rose at a lower rate, not only on an annual basis, but also month-over-month than in June. Black Knight's HPI was up 0.5 percent from June to July, down from a 0.9 percent gain in June. The largest increase thus far in 2017 was 1.3 percent in March, and Black Knight noted the rate of monthly appreciation has steadily slowed over the subsequent months. Over the seven months year-to-date the average monthly change has been +0.84 percent. On an annual basis, prices were up 6.2 percent compared...(read more)

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