Sign In

Black Knight Home Price Index Report: August 2016 Transactions  

U.S. Home Prices Up 0.3 Percent for the Month; Up 5.3 Percent Year-Over-Year

October 31, 2016
​​​​​​​​​​​​​​

  • August’s 5.3 percent annual home price appreciation (HPA) continues a trend of very stable growth, with seven of the last eight months seeing the same rate of annual HPA
  • At $266K, the U.S. is now within just 0.7 percent of a new national peak and up over 33 percent from the market’s bottom​
  • New York once again led home price gains among the states, and accounted for nine of the 10 best-performing metro areas in August
  • Nine states saw negative monthly price movement, led by South Carolina, North Dakota, Virginia, Connecticut and Missouri, all down 0.3 percent from July
  • Home prices in nine of the nation’s 20 largest states and nine of the 40 largest metros hit new peaks

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​
Download Graphics Download PDF​​​​​​​​​
JACKSONVILLE, Fla. – October 31, 2016 – Today, the Data and Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on August 2016 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. To view and download the graphics within this release, click here​.

For more information about gaining access to Black Knight’s full HPI dataset for your business, please email DataAanalyticsInfo@BKFS.com​.


 

​United States HPI:​ ​ $266K
​Change from Last Month: ​ 0.3%
​Change from Last Year: ​ 5.3%
​Month-over-month change in foreclosure pre-sale inventory rate: ​ -0.7%


 

Largest States’ HPI Changes from Last Month (Ranked by Population)​

​​California ​ 0.0%​
​Texas ​ 0.5%
​Florida ​ 0.5%
​New York ​ 1.4%
​Illinois ​ 0.2%
​Pennsylvania ​ 0.3%
​Ohio ​ -0.2%
​Georgia ​ -0.1%
​North Carolina ​ 0.3%
​Michigan  ​ 0.4%


 

Largest Metros’ HPI Changes from Last Month (Ranked by Population)

​​New York, NY ​ 1.2%
​Los Angeles, CA ​ 0.1%
​Chicago, IL ​ 0.3%
​Dallas, TX ​ 0.6%
​Houston, TX ​ 0.4%
​Philadelphia, PA ​ 0.4%
​Washington D.C. ​ -0.2%
​Miami, FL ​ 0.4%
​Atlanta, GA ​ 0.0%
​Boston, MA ​ 0.4%


 

Top 10 Movers, State-Level

New York ​ 1.4%
Wisconsin ​ 0.7%
​Nevada ​ 0.6%
New Jersey ​0.6%
Florida ​ 0.5%
Texas ​ 0.5%
Tennessee ​ 0.5%
Kansas ​ 0.4%
Idaho ​ 0.4%
​Hawaii ​ 0.4%


 

Top 10 Movers, Metro-Level

Utica, NY
​ 1.2%
​New York, NY ​ 1.2%
Watertown, NY
​ 1.2%
​Syracuse, NY ​ 1.2%
Ithaca, NY
​ 1.1%
Elmira, NY ​ 1.1%
Albany, NY
​ 1.1%
​Glens Falls, NY ​ 1.0%
​Daytona Beach, FL ​ 0.9%
​Kingston, NY ​ 0.9%


 

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), a Fidelity National Financial (NYSE:FNF) company, is a leading provider of integrated technology, 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 technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership.

Media Contact: Michelle Kers​ch, 904.854.5043, Michelle.Kersch@BKFS.com
Media Contact: Mitch Cohen, 646.546.5103, mitch@mprg.com ​​​​​
​​​​​​​​​​​​​​​​​​
​​​​​ ​


Facebook Google+ LinkedIn Twitter YouTube