U.S. Home Prices Up 1.0% for the Month; Up 7.0% Year-Over-Year
The latest version of Black Knight Financial Services' Home Price Index Report summarizes home prices throughout the U.S.
On May 27, 2014Today, the Data & Analytics division of Black Knight Financial Services (formerly the LPS Data & Analytics division) released its latest Home Price Index (HPI) report, based on March 2014 residential real estate transactions. 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.
Note: All dollar figures are in thousands.
Table 1:
Table 2: HPI from 2005 – 2014. Percentages are relative changes of HPI from dates shown to March 2014.
Tables 3 – 5 give brief summaries of March data for the largest states and metros, and Tables 6 and 7 provide more detail, as in Table 2.
Table 3:
Table 4:
Table 5:
Table 6: Details for largest 20 states in alphabetical order. Percentages are relative changes of HPI from dates shown to March 2014. Numerical ranking by most recent month’s percentage change follows state name.
Table 7: Details for largest 40 metropolitan areas covered by Black Knight data in alphabetical order. Percentages are relative changes of HPI from dates shown to March 2014. Numerical ranking by most recent month’s percentage change follows metro name.
Table 7 (cont.):
To view and download the graphics within this release, click here.
About the Black Knight Home Price Index
The Black Knight HPI is one of the most complete and accurate home price sources available. It summarizes sales concluded during each month using a repeat sales analysis of home prices as of their transaction dates. Each month for each of more than 18,500 U.S. ZIP codes, the Black Knight HPI reports five price levels (quintiles) along with REO discount rates for each ZIP code, which are used in the HPI calculations to correct for the impact on estimates of open-market prices that REO sale prices would have. 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. Home prices are available with or without seasonal adjustments.
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