Black Knight Home Price Index: U.S. Home Prices Hit Another New Peak, Gaining 0.24 Percent in August 2017 With Year-Over-Year...
October 30 2017 - 9:00AM
Today, the Data & Analytics division of Black Knight, Inc.
(NYSE:BKI) released its latest Home Price Index (HPI) report, based
on August 2017 residential real estate transactions. The Black
Knight HPI utilizes repeat sales data from the nation’s largest
public records data set, as well as its market-leading, loan-level
mortgage performance data, to produce one of the most complete and
accurate measures of home prices available for both disclosure and
non-disclosure states. Non-disclosure states do not include
property sales price information as part of their publicly
available county recorder data. Black Knight is able to obtain the
sales price information for these states by combining and matching
records across its unique data assets.
Each month the Black Knight HPI reports five price levels
(quintiles), along with REO discount rates, for 18,000+ U.S. ZIP
codes. Findings are available with or without seasonal adjustments,
although all numbers that follow have not been seasonally
adjusted.
For a more in-depth review of this month’s home price trends,
including detailed looks at average home prices in the 20 largest
states and 40 largest metros, please download the full Black
Knight HPI Report at
http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/HPINow.aspx
| |
|
| United States HPI: |
$282 |
K |
| Change from Last
Month: |
0.24 |
% |
| Change from Last
Year: |
6.24 |
% |
| Change from Peak: |
0.0 |
% |
| |
|
|
Largest States’ HPI Changes from Last Month (Ranked by
Population) |
|
|
|
|
|
California: |
0.37 |
% |
|
Texas: |
0.18 |
% |
|
Florida: |
0.03 |
% |
| New
York: |
1.58 |
% |
|
Illinois: |
0.25 |
% |
|
Pennsylvania: |
0.18 |
% |
|
Ohio: |
0.09 |
% |
|
Georgia |
-0.17 |
% |
| North
Carolina: |
0.03 |
% |
|
Michigan: |
0.32 |
% |
| |
|
Largest Metros’ HPI Changes from Last Month (Ranked by
Population) |
| |
|
| New York, NY: |
1.26 |
% |
| Los Angeles, CA: |
0.27 |
% |
| Chicago, IL: |
0.27 |
% |
| Dallas, TX: |
0.16 |
% |
| Houston, TX: |
0.29 |
% |
| Philadelphia, PA: |
0.41 |
% |
| Washington D.C.: |
-0.24 |
% |
| Miami, FL: |
0.04 |
% |
| Atlanta, GA: |
-0.20 |
% |
| Boston, MA: |
0.20 |
% |
| |
|
| Top
10 Movers, State-Level |
| |
|
| New York: |
1.58 |
% |
| Nevada: |
1.04 |
% |
| Vermont: |
1.03 |
% |
| New Hampshire |
0.85 |
% |
| New Jersey: |
0.72 |
% |
| Utah: |
0.53 |
% |
| Montana: |
0.51 |
% |
| Maine: |
0.45 |
% |
| Arizona |
0.42 |
% |
| Rhode Island: |
0.40 |
% |
| |
|
| Top
10 Movers, Metro-Level |
| |
|
| Kennewick, WA: |
2.55 |
% |
| Kingston, NY: |
1.89 |
% |
| Buffalo, NY: |
1.80 |
% |
| Ithaca, NY: |
1.79 |
% |
| Utica, NY: |
1.79 |
% |
| Syracuse, NY: |
1.73 |
% |
| Elmira, NY: |
1.64 |
% |
| Glens Falls, NY: |
1.55 |
% |
| Binghamton, NY: |
1.54 |
% |
| Albany, NY: |
1.48 |
% |
| |
|
|
To download the full Black Knight HPI Report, visit
http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/HPINow.aspx
For more information about gaining access to Black Knight's full
HPI dataset for your business, please send an email to
dataanalyticsinfo@bkfs.com.
About the Black Knight Home Price Index
The Black Knight HPI is one of the most complete and accurate
measures of home prices available, providing essential micro-level
valuation data by covering nearly 90 percent of U.S. residential
properties at the ZIP-code level. The Black Knight HPI provides the
most timely updates possible, without the disruptive volatility of
frequent historical revisions, for ZIP codes, cities, counties,
states, the nation and statistical areas as defined by the White
House Office of Management and Budget.
The Black Knight HPI utilizes repeat sales data from the
nation's largest public records data set as well as its
market-leading loan-level mortgage performance data to capture home
price data from both disclosure and non-disclosure states.
Each month the Black Knight HPI reports five price levels
(quintiles), along with REO discount rates for each of 18,000+ U.S.
ZIP codes. This level of detail is provided for three property
groupings in every ZIP code: i) all residential properties, ii)
condominiums, and iii) single-family housing. Black Knight's HPI is
available with or without seasonal adjustments (numbers cited above
are not seasonally adjusted).
About Black KnightBlack Knight
is a leading provider of integrated software, data and analytics
solutions that facilitate and automate many of the business
processes across the homeownership lifecycle.
Black Knight is committed to being a premier business
partner that clients rely on to achieve their strategic goals,
realize greater success and better serve their customers by
delivering best-in-class software, services and insights with a
relentless commitment to excellence, innovation, integrity and
leadership. For more information on Black Knight, please visit
www.blackknightinc.com.
For more information:
Michelle Kersch904.854.5043michelle.kersch@bkfs.com
Mitch Cohen646.926.7741mitch@mprg.com
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