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Black Knight Prices Short of other Indices
Tuesday, March 29, 2016
Black Knight Financial Services announced on Monday that its Home Price Index for January rose 0.1 percent from the month before and was 5.3 percent higher than in January 2015. The reported increase was considerably lower than those announced previously by CoreLogic (1.3 percent month-over-month and 6.9 percent annually) and the Federal Housing Finance Agency (0.5 percent and 6.0 percent). The S&P Case-Shiller index will be released on Tuesday.
Black Knight says its HPI for January was $253,000, still 5.5 percent of the June 2006 peak of $267,000. The HPI has recovered by 26.7 percent since hitting the market bottom in the spring of 2012.
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