Black Knight Home Price Index Report: Monthly Rate of Appreciation Slows as U.S. Home Prices Gain 0.5 Percent in July, Year-O...
September 25 2017 - 9:00AM
Today, the Data & Analytics division of Black Knight Financial
Services, Inc. (NYSE:BKFS) released its latest Home Price Index
(HPI) report, based on July 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:
|
$281K |
Change from Last Month:
|
0.5% |
Change from Last Year:
|
6.2% |
Change from Peak:
|
0.0% |
|
|
Largest States’ HPI Changes from Last Month (Ranked by
Population) |
|
California: |
0.2% |
Texas: |
0.4% |
Florida: |
0.7% |
New
York: |
1.8% |
Illinois: |
0.7% |
Pennsylvania: |
0.2% |
Ohio: |
0.4% |
Georgia: |
0.8% |
North
Carolina: |
0.0% |
Michigan: |
0.5% |
|
Largest Metros’ HPI Changes from Last Month (Ranked by
Population) |
|
|
New York, NY: |
1.5% |
Los Angeles, CA: |
-0.2% |
Chicago, IL: |
0.7% |
Dallas, TX: |
0.4% |
Houston, TX: |
0.2% |
Philadelphia, PA: |
0.1% |
Washington D.C.: |
-0.1% |
Miami, FL: |
0.4% |
Atlanta, GA: |
0.8% |
Boston, MA: |
0.4% |
|
|
Top
10 Movers, State-Level |
|
|
New York: |
1.8% |
Rhode Island: |
1.2% |
Montana: |
1.2% |
Utah: |
1.0% |
Nevada: |
1.0% |
Idaho: |
0.9% |
Vermont: |
0.9% |
Georgia: |
0.8% |
New Hampshire: |
0.7% |
Illinois: |
0.7% |
|
|
Top
10 Movers, Metro-Level |
|
|
Kingston, NY: |
1.9% |
Ithaca, NY: |
1.8% |
Buffalo, NY: |
1.7% |
Albany, NY: |
1.6% |
Utica, NY: |
1.6% |
Syracuse, NY: |
1.6% |
New York, NY: |
1.5% |
Elmira, NY: |
1.4% |
Binghamton, NY: |
1.4% |
Kennewick, WA: |
1.4% |
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 Knight Financial Services,
Inc.Black Knight Financial Services, Inc. (NYSE:BKFS) is a
leading provider of integrated software, data and analytics
solutions that facilitate and automate many of the business
processes across the mortgage lifecycle.
Black Knight Financial Services is committed to being a premier
business partner that lenders and servicers rely on to achieve
their strategic goals, realize greater success and better serve
their customers by delivering best-in-class software, services and
insight with a relentless commitment to excellence, innovation,
integrity and leadership. For more information on Black Knight
Financial Services, please visit www.bkfs.com.
For more information:
Michelle Kersch904.854.5043michelle.kersch@bkfs.com
Mitch Cohen
646.926.7741mitch@mprg.com
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