Black Knight: House Price Index up 0.7% in February, Up 5.3% year-over-year

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted.

From Black Knight: Black Knight Home Price Index Report: February 2016 Transactions -- U.S. Home Prices Up 0.7 Percent for the Month; Up 5.3 Percent Year-Over-Year

• U.S. home prices showed stronger monthly gains than they have since last April, rising 0.7% from January, and were up 5.3% from last year

• National home prices are now 27.5% above where they were at the bottom of the market at the start of 2012

• At $254K, the national level HPI is now just 5% off its June 2006 peak of $267K

• Strong upward monthly price movement was observed in many states and metro areas in February

• Of the nation’s 40 largest metros, 10 hit new peaks:
◦Austin, TX ($291K)
◦Dallas, TX ($224K)
◦Denver, CO ($339K)
◦Houston, TX ($223K)
◦Kansas City, MO ($174K)
◦Nashville, TN ($224K)
◦Portland, OR ($332K)
◦San Antonio, TX ($195K)
◦San Francisco, CA ($745K)
◦San Jose, CA ($891K)

The year-over-year increase in the index has been about the same for the last year.

from
http://feedproxy.google.com/~r/CalculatedRisk/~3/alrBw0n4ZQw/black-knight-house-price-index-up-07-in.html