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
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026