Posted To: MND NewsWire
Black Knight Financial Services says that its Home Price Index (HPI) inched up only 0.1 percent from August to September. Monthly appreciation has declined every month since May and this was the smallest monthly increase since January's identical gain. The September HPI was $266,000. The HPI has increased by an average of 0.63 percent per month in 2016. The September HPI is now 0.6 percent below the peak reached nationally in July 2006, $268,000 and has increased by 33.3 percent since prices bottomed out in 2012. The year-over-year gain in the HPI was 5.4 percent , a slight uptick from the 5.3 percent reported in each of the previous three months. For the third consecutive month, the most aggressive home price appreciation was in New York State. Prices there increased by 0.9 percent from August...(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/2gzStEU
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