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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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