For the 42nd straight month, home prices rose nationally year-over-year, according to a report from Black Knight Financial Services and reported by HousingWire staffer Ben Lane.
From September to October, home prices rose 0.2%, according to Black Knight’s Home Price Index report for October. October’s national home price index of $254,000 puts national home prices up 26.9% since the bottom of the market at the start of 2012, and just 5.3% off the June 2006 peak of $268,000.
Home prices in New York, Tennessee, and Texas all hit new peaks again in October, with New York at $356,000; Tennessee at $178,000; and Texas at $216,000. New York led all states in price gains for the fourth month in a row, with a 1.1% increase. In the New York City metro area, home prices rose 1.2% in October.