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.