Posted To: MND NewsWire
California has long been acknowledged as the trend-setting state. Let's hope that isn't the case for home prices. On the same day that both S&P Dow Jones Indices and the Federal Housing Finance Agency (FHA) came out with figures, reported here earlier, showing price gains were still accelerating in most of the nation, Black Knight Financial Services said "whoops" regarding the Golden State. Black Knight's Home Price Index (HPI) showed home prices nationwide up 5.5 percent year-over-year and 0.1 percent from October to November, California home prices declined for the second straight month. Its HPI was at $448,000, down 0.2 percent from October although still up a healthy 7.6 percent compared to November 2014. California had also declined 0.2 percent in October but the year-over-year gain...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1S9lqIe
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