Tag Archives: Home Price Index

After the 59th straight month of appreciation, home prices have hit a new peak of $272K. They also reached a new peak in eight states, including Indiana, Massachusetts, New York, North Carolina, Pennsylvania, Tennessee, and Washington. Fifteen metro markets also peaked, with San Jose, California, seeing the biggest jump year-over-year.

The rate at which home prices have appreciated over the last year is not expected to slow down over the next year.

David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices noted that financing a home continues to be a hurdle for first-time homebuyers as low inventories and short supply cause home prices to rise.

Expect to see an influx of industry news in the last full week of February, including the highly-anticipated existing-home sales report from the National Association of Realtors. The last two reports on existing sales for November and December were hot and cold. Now, the industry is wondering what January's report will reveal.

In the midst of what some are calling a global crisis—due to weaknesses in the energy sector and stock market combined with the effects of an overly strong U.S. dollar—home prices continue to move upward. Despite this however the housing sector is just not large enough to carry the weight of the world.

Black Knight Financial Services' Data and Analytics division released its September 2015 Home Price Index report, finding that U.S. home prices rose marginally by 0.1 percent in September.

Black Knight Financial Services' Data and Analytics division released its August 2015 Home Price Index report, finding that U.S. home prices were up 0.3 percent in August and up 5.5 percent year-over-year.

Employment gains, wage growth, and continued low mortgage rates are pushing home prices up both year-over-year and month-over-month.

Black Knight Financial Services' Data and Analytics division released its July 2015 Home Price Index report, finding that U.S. home prices were up 0.4 percent for the month, and have gained 5.3 percent from one year ago.

Low mortgage rates and stronger consumer confidence are driving home sales and home prices upward, according to CoreLogic's July 2015 Home Price Index Report.