The Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS), Jacksonville, on Monday released its latest Home Price Index (HPI) report, based on July 2016 residential real estate transactions. Key findings include:
- At $266K, the U.S. HPI has risen more than 33% from the market's bottom and is now within just 0.8% of a new national peak.
- Albany, Ore., led metro-area growth at 1.3% appreciation. However, New York state metro areas accounted for six of the top 10 biggest monthly movers.
- San Jose, Calif., continued to back away from its May 2016 peak, with prices falling another -0.5% in July.
- Home prices in nine of the nation's 20 largest states and 14 of the 40 largest metros hit new peaks in July.