Guess What? Home Prices Are Still Going Up

Apr 24, 2017

Today’s housing data news is not particularly new—home prices are up again.

According to new data from Black Knight Financial Services (BKFS), home prices hit another peak in February. Black Knight’s Home Price Index reached $268,000 during the month, a 0.8 percent increase from January and a 5.7 percent year-over-year rise.

Washington saw the greatest monthly appreciation among the states with a 2.2 percent increase, followed by Colorado and Oregon with 1.6 and 1.5 percent growth. Washington accounted for six of the top 10 metro markets for home price appreciation, and Seattle’s 2.7 percent monthly appreciation was the highest among the nation’s top metro areas. Home prices in six of the 20 largest states and 14 of the 40 largest metros reached new peak readings during February.

At the other end of the spectrum, however, Tuscaloosa, Ala., was once again the worst-performing metropolitan area for the third consecutive month. Home prices in this metro dropped by 4.7 percent in February, which more than eight times the decline of the next worst-performing metro market.

About the author

Phil Hall

Link copied

Published

Apr 24, 2017

C-Suite Strategies

New CEO, COO For American Financial Resources

AFR promotes Robert Pieklo to chief executive officer and Michael Brenning to chief operating officer

National mortgage lender American Financial Resources (AFR) announced yesterday it has promoted Robert Pieklo to CEO and Michael Brenning to COO, effective immediately. Pieklo, who was appointed COO following AFR's acquisition in February 2024, has been “instrumental” in ...

Courts

Ohio Sues United Wholesale Mortgage Over Broker "Scheme"

Lawsuit alleges lender steered borrowers into higher-cost loans through deceptive broker relationships

Ohio Attorney General Dave Yost has filed a lawsuit against United Wholesale Mortgage (UWM), alleging the Michigan-based lender misled borrowers by misrepresenting the independence of mortgage brokers. The complaint, filed in Montgomery County Common Pleas Court, claims U...