Home Prices Slow Down, but Still Continue to Rise

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Posted To: MND NewsWire

Among the house price indexes covered by MND, the one provided by Black Knight has shown the most consistent pattern of diminishing appreciation in recent months. The company’s Home Price Index (HPI) has slowed from a monthly gain of 1.3 percent in March to 0.16 in September. But it reversed direction in October, rising by 0.29 percent; not a big gain, but the largest since July. The increase brings US home prices to another new high, $283,000. The month-over-month slowdown has not yet caught up with the annual rate of increase. Prices have gone up 6.39 percent over the first 10 months of 2017 and were up 6.48 percent for the 12 months ended in October. Eleven of the nation’s 20 largest states and 12 of the 40 largest metros saw their home prices hit new highs in October. New York continued…(read more)

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