Home Prices Ended 2017 on the Rise – NMP
Industry News

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
Phil Hall
Link copied
Published
Feb 26, 2018
Get the NMP Daily
Analysis and Data
Mortgage Rates Edge Down To 7.32%, Offering Limited Pipeline Relief

The modest decline trims borrower payments, while year-end forecasts above 7% leave LOs focused on deals already close to working

The first mortgage-rate decline in two months trims about $22 from the monthly payment on a $400,000 loan. For LOs trying to salvage year-end transactions, that creates an opening among borrowers already close to making the numbers work.Freddie Mac reported Thursday that the...

Continue reading
Operations
LO Compensation: What The Split Doesn’t Tell You

NMP’s Ignite summit explored the rules, expenses, and platform differences that shape what originators actually earn

A loan officer willing to earn less to win a borrower can still run into a compensation problem. The sticking point is how that smaller paycheck is determined, who funds it, and whether the arrangement connects compensation to the loan’s terms.That tension drove National Mor...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
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

Industry News
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

Industry News
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

Industry News
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

Industry News
Oct 09, 2026
Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Industry News
Oct 08, 2026