Home prices approach pre-crisis peak!

Home Prices

Home prices rising.

Black Knight’s latest Home Price Index report, based on May 2015 residential real estate transactions, showed that the U.S. HPI is now just 6.5% off the June 2006 peak of $268,000, and up over 25% from the market’s bottom.
Fort Myers Home Prices have been slowly climbing but not at this level.
The Black Knight HPI combines the company’s extensive property and loan-level databases to produce a repeat sales analysis of home prices as of their transaction dates every month for each of more than 18,500 U.S. ZIP codes.
The Black Knight HPI represents the price of non-distressed sales by taking into account price discounts for REO and short sales.
According to Black Knight’s report, the HPI now rests at $251,000, up 1.1% over the previous month and up 5.1% over the previous year.
New York led gains among the states, seeing a 1.8% in month-over-month appreciation.
Among the metro areas tracked by Black Knight’s report, Janesville, Wisconsin saw the greatest monthly appreciation at 3%. That is unusual

Latest home price index shows shrinking gap between 2006 and 2015

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