Black Knight Home Prices on 67 Month Winning Streak

Posted To: MND NewsWire

Home prices measured by Black Knight's Home Price Index (HPI) achieved their 67 th consecutive year-over year increase in November. The HPI rose 6.44 percent in the 12 months ending in November 2017, only a shade lower than the annual increase of 6.48 posted in October. November's appreciation brought the nation's home prices to a new peak, $283,000. Monthly appreciation held relatively steady at 0.27 percent. This was a slight slowing from the October to November increase of 0.29 percent. Over the first 11 months of 2017 the average annual change was 6.84 percent and the aggregate price gain since the beginning of 2017 is 6.49 percent. Over the same period, monthly gains, which see-sawed over a range of 0.1 percent to 1.3 percent averaged 0.61 percent per month. For the fifth consecutive month...(read more)

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from Mortgage News Daily http://ift.tt/2DNdsUU