Mortgage Industry News
« Return to Mortgage Industry News
Home Prices Closing on 2006 Peak
Thursday, April 28, 2016
Home prices rose 0.7 percent from January to February according to Black Knight Financial Services. The company's Home Price Index (HPI) was at $245,000 a 5.3 percent increase from February 2015.
The company said that there is still strong upward monthly price movement in several states and metro areas. Washington led with 1.8 percent appreciation over January followed by Colorado at 1.7 percent. The remainder of the top five were Oregon, California with monthly gains of 1.3 percent and Hawaii at 1.2 percent. The strongest metro areas were San Jose with a 2.4 percent increase, and Seattle, up 2.1 percent.
Read Full Article