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Black Knight Notes Home Price Decline

Wednesday, February 25, 2015

The Home Price Index (HPI) report issued this week by Black Knight Financial Services shows the December national index at $241,000, a -0.1 percent change from November.  The HPI has increased by 4.6 percent since December 2013, and is now 10.2 percent below the peak of $268,000 it stablished in June 2006.

The largest monthly increases were in New York and Colorado, each of which saw its HPI increase by 0.5 percent.  Colorado has been establishing new price peaks regularly for over a year and the December increase brought New York to within 0.6 of its pre-crisis high.  These two were followed by Oregon, Florida, Oklahoma, and Arizona, each with gains of 0.3 percent.

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