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Florida, New York post Best December Price Gains
Tuesday, March 1, 2016
Home prices rose 0.1 percent in December according to Black
Knight Financial Services. The company's
Home Price Index (HPI) ended the month at $253,000 unchanged after rounding from
the November number. The HPI was 5.5
percent higher than in December 2014 when it stood at $240,000.
Black Knight said its index has now risen 27 percent from
the market bottom of $200,000 in January 2012 and is only 5.3 percent below its
June 2006 peak of $268,000.
Florida and New York posted the largest gains among the
states on a month-over-month basis, both increasing 8.0 percent. They were followed by five states with 4
percent changes, Washington, South Dakota, Arizona, North Dakota, and
Wyoming. Both New York and Texas set new
price peaks in December as did eight of the 40 largest metropolitan areas, four
of them in Texas.
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