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

Home Prices Ended 2017 on the Rise

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).

 
About the author
Published
Feb 26, 2018
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