Home Prices Ended 2017 on the Rise – NMP Skip to main content

Home Prices Ended 2017 on the Rise

Phil Hall
Feb 26, 2018
Sales of new single-family houses in April 2018 were at a seasonally adjusted annual rate of 662,000

Although 2017 is already in the history books, a new data report is giving a final look at last year’s housing market.
 
According to statistics released by Black Knight Inc., home prices closed last year 6.6 percent higher on a year-over-year basis; on a month-over-month basis, home prices were up 0.10 percent from November. December marked the 68th consecutive month of annual home price appreciation. The median home price for December was $283,000.
 
New York again led the states in monthly gains, with home prices up 1.71 percent over last month, while Ohio experienced the most negative movement, with home prices there falling 1.13 percent from November, and accounting for seven of the nation’s 10 worst-performing metros of the month. Home prices hit new peaks in six of the nation’s 20 largest states but were down in nine other states.
 
Furthermore, 11 of the 40 largest metros saw new home price peaks in December as prices dropped in in another 20 markets. The greatest gains were recorded in Dover, Del. (up 1.95 percent), Spokane, Wash. (up 1.39 percent), New York City (up 1.25 percent), San Jose (up 1.13 percent) and Binghamton, N.Y. (up 1.13 percent).

 
Published
Feb 26, 2018
Redfin 2Q Revenues Up, Profits Down

Company officials said that in the third quarter they expect total revenue between $590 million and $627 million.

Industry News
Aug 05, 2022
Mutual of Omaha Mortgage Announces Wholesale Division

Loans available through its own platform and in partnership with ReadyPrice, LenderPrice, and Loansifter.

Industry News
Aug 05, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Tech
Aug 04, 2022
Rocket Companies' Earnings Plunge 94% In 2Q

Mortgage originations fell 59% year over year, while rate lock volume fell 65%.

Industry News
Aug 04, 2022
Remembering Steven Schnall, Quontic Bank CEO

Schnall died in a motorcycle accident while on his way back from a biking trip to Canada. 

Industry News
Aug 04, 2022