Another Price Index Goes a Little Wobbly

Posted To: MND NewsWire

The last of the May's four home price indices (HPI) that MND tracks, the version supplied by Black Knight Financial Services, was released on Monday. Like the others, it shows accelerating price increases on a year-over-year basis, but indicated a small degree of softening in more recent data. National home prices gained 6.1 percent in May when compared to the same month in 2016. It was the fourth successive month that the annual rate of gain has grown - in April the increase was 6.0 percent. May's appreciation brought the national index to another new peak, $278,000, and marked a 4.6 percent gain in home prices thus far in 2017. However, on a month over month basis, the rate of appreciation slowed . It was up 1.2 percent from March to April, but only 1.1 percent from April to May. While the...(read more)

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