fha mortgage loans, local mortgage broker, midwest family lending

(515) 252-7107

APPLY NOW!

Mortgage Industry News

« Return to Mortgage Industry News

Price Gains Accelerating Again -Black Knight

Tuesday, June 30, 2015

Home prices rose 1.0 percent in April.  Black Knight Financial Services said its Home Price Index for the month was at $248,000 compared to $245,000 in March.  The HPI posted a +4.9 percent change from April 2014 when it stood at $236,000.

Nationally the HPI is now within 7.6 percent of the peak value it reached in July 2006 of 268,000.  Several states have already established new high-water marks for prices including Colorado and Texas which have done so nearly monthly for over a year.  In April both New York and Tennessee also set new price peaks.  Among the largest metropolitan areas Austin, Dallas, Houston, and San Antonio all hit new peaks along with Columbus, Ohio, Denver, Honolulu, Nashville, San Francisco and San Jose.   Both Boston and Portland, Oregon are now less than 0.75 percent away from doing so as well.

 

Read Full Article

Testimonial

"I just wanted to take the time to write and let you know what a miracle worker you are. I never thought in a million years I would get approved to purchase a home but you did it and what a tough job you had. You came through for me and never gave up and I wanted you to know that I am truly grateful. Now I have a place that I can call my own for my daughter and me. Kim, I tell everyone I talk to if they are looking to refinance or purchase a home to call you and you'll get the job done. Thank you so much."
Kyle