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Black Knight HPI: October 2017 Transactions  

Rate of Monthly Appreciation Improves as U.S. Home Prices Gain 0.29 Percent in October; Year-Over-Year Growth Up Slightly at 6.48 Percent

December 26, 2017
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  • At $283K, U.S. home prices reached another new peak in October, seeing 6.39 percent growth since the start of 2017
  • After six straight months of slowing growth, the rate of monthly appreciation shifted upward from that seen in September
  • For the fourth month in a row, New York led all states in monthly appreciation, with home prices there rising 0.98 percent from September
  • Home prices fell in eight states in October, with Alaska seeing the largest decline at -0.47 percent
  • San Jose, Calif., continued to show very strong growth, leading all metro areas with 1.86 percent monthly appreciation; home prices there are up more than 17 percent year-over-year
  • Eleven of the nation’s 20 largest states and 12 of the 40 largest metros saw home prices hit new highs in October

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 ​JACKSONVILLE, Fla. – December 27, 2017 – Today, the Data and Analytics division of Black Knight, Inc. (NYSE: BKI)  released its latest Home Price Index (HPI) report, based on October 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.
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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 he​re​.

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


 

​United States HPI:​ ​ $283K
​Change from Last Month: ​ 0.29%
​Change from Last Year: ​ 6.48%
​Month-over-month change in foreclosure pre-sale inventory rate: ​ 0.00%


 

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

​​California ​ 0.52%​
​Texas ​ 0.22%
​Florida ​ 0.01%
​New York ​ .98%
​Illinois ​ -0.15%
​Pennsylvania ​ 0.11%
​Ohio ​ 0.13%
​Georgia ​ 0.42%
​North Carolina ​ 0.31%
​Michigan  ​ -0.18%


 

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

​​New York, NY ​ 0.94%
​Los Angeles, CA ​ 0.65%
​Chicago, IL ​ -0.20%
​Dallas, TX ​ 0.32%
​Houston, TX ​ 0.14%
​Philadelphia, PA ​ -0.44%
​Washington D.C. ​ -0.01%
​Miami, FL ​ 0.25%
​Atlanta, GA ​ 0.39%
​Boston, MA ​ 0.45%


 

Top 10 Movers, State-Level

New York ​ 0.98%
Idaho ​ 0.94%
Utah ​ 0.75%
Vermont ​0.74%
Nevada ​ 0.68%
Colorado ​ 0.66%
Rhode Island ​ 0.62%
New Jersey ​ 0.56%
Tennessee ​ 0.56%
California ​ 0.52%


 

Top 10 Movers, Metro-Level

San Jose, CA
​ 1.86%
Dover, DE ​ 1.50%
Pueblo, CO ​ 1.15%
Hot Springs, AR ​ 1.13%
Grand Junction, CO ​ 1.04%
Boise City, ID ​ 0.98%
Idaho Falls, ID ​ 0.98%
Coeur d'Alene, ID ​ 0.96%
Logan, UT ​ 0.95%
San Francisco, CA ​ 0.94%


 

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

Black Knight (NYSE:BKI) 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.

Media Contact: Michelle Kers​ch, 904.854.5043, Michelle.Kersch@BKFS.com
Media Contact: Mitch Cohen, 646.926.7741, mitch@mprg.com ​​​​​​​​​​

 

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