Yes, Home Prices Are Up Again – NMP Skip to main content

Yes, Home Prices Are Up Again

Phil Hall
Oct 31, 2016
Home prices in August rose 0.3 percent from July and 5.3 percent on a year-over-year basis

Home prices in August rose 0.3 percent from July and 5.3 percent on a year-over-year basis, according to the latest Home Price Index report from Black Knight Financial Services (BKFS). August marked the 52nd consecutive month of year-over-year home price appreciation.

Black Knight recorded the average home price in the U.S. at $266,000 in August, only 0.7 percent shy of a new national peak. But not every market saw home price appreciation: nine states recorded a negative price movement from July to August, with five states—Connecticut, Missouri, North Dakota, South Dakota and Virginia—tied in a 0.3 percent downward movement.

New York led the states with the greatest home price gains at a 1.4 percent upswing, and nine of the 10 best-performing metro markets during August were located in the Empire State. New York was also among nine states to hit new home price peaks in August.

Published
Oct 31, 2016
Biden Reappoints Powell As Federal Reserve Chairman

A signal that The Fed will continue its policies as inflation surges and economic uncertainty spikes due to an emerging variant of the coronavirus. 

Industry News
Nov 29, 2021
Servion Taps Sagent For Consumer-First Servicing Tech Stack

A 7-year deal between Servion Mortgage and Sagent will equip Servion with Sagent's tech stack for performing, non-performing, and consumer experience.

Tech
Nov 29, 2021
Guaranteed Rate's Banosian Funds $2B In Total Loan Volume

The mortgage industry shouldn't be surprised by Guaranteed Rate's top loan officer, Shant Banosian, funding $2 billion in total loan volume during a record-breaking year. After all, “The Billion Dollar Man” is one of the top 5 loan originators in the U.S.

Wholesale
Nov 29, 2021
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021