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California Home Prices Pulling Back
Monday, January 4, 2016
California appears to have topped out in terms of price
increases, at least for the present.
While Black Knight Financial Services reports a 0.2 percent increase in
its Home Price Index for the country as a whole in October, California and five
of its leading cities saw prices pull back.
Black Knight said the HPI for the country was at $254,000 in
October, now only 5.3 percent off of the June 2006 peak of $268,000 and up by
5.5 percent from the previous October. The October number represented a 26.9
percent rebound from the bottom reached in 2012.
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