by Bill McBride on 2/29/2016 08:11:00 AM
Monday, February 29, 2016
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: December Transactions U.S. Home Prices Up 0.1 Percent for the Month; Up 5.5 Percent Year-Over-Year
• U.S. home prices were up 0.1 percent for the month, and have gained 5.5 percent from one year agoThe year-over-year increase in the index has been about the same for the last year.
• At $253K, the national level HPI remains 5.3 percent off its June 2006 peak of $268K, and up 27 percent from the market’s bottom in January 2012
• Among the 20 largest states tracked by Black Knight, New York and Texas both hit new peaks in December
• Of the nation’s 40 largest metros, 8 hit new peaks – Austin, TX; Dallas, TX; Denver, CO; Houston, TX; Nashville, TN; Portland OR, San Antonio, TX and San Francisco, CA