Monthly Home Price Appreciation Slows – NMP Skip to main content

Monthly Home Price Appreciation Slows

Nov 27, 2017
Freddie Mac reported slight upward motion in the Primary Mortgage Market Survey (PMMS) covering the week ending Jan. 31

The go-go housing market started showing signs of go-slow, according to new data from Black Knight Inc.
 
In its latest data report, Black Knight’s Home Price Index (HPI) was $282,000 for September, up 0.16 percent from August and up 6.36 percent from one year earlier. Half of the nation’s 20 largest states and 17 of the largest metros saw prices fall from last month, the company added, with Michigan recording the greatest decline of all states at -0.61 percent while Detroit led the major metro markets with a -0.58 percent decline from August.
 
Home price ascension was more limited, with only six of the 20 largest states and 11 of the 40 largest metros hitting new highs in September. However, the top 10 best-performing metros enjoyed home price growth by 1.1 percent or more in September, with Kennewick, Wash., leading the way at 1.99 percent monthly appreciation. The nation’s priciest market, San Jose, Calif., saw home prices up more than 15 percent year-over-year and an HPI value of just over $1.03 million.

 
About the author
Published
Nov 27, 2017
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac