Black Knight Financial Services released its January 2016 residential real estate transactions report, the Home Price Index (HPI). Released on March 28, the report found that home prices are up 5.3 percent on an annual basis, and up 0.1 percent from the previous month.

Some notable points of the report include:

  • The U.S. HPI was reported at $253,000, and is 5.5 percent off June 2006 peak of $267,000, and up 26.7 percent from the market’s bottom.
  • New York leads the nation with a 0.9 percent month-over-month appreciation​.
  • Florida and Pennsylvania dominated the top 10 best-performing metros.
  • Las Vegas is 62.4 percent higher than the market’s bottom, but is still 37.3 percent off its May 2006 peak
  • New York and Texas hit new peaks in October

HPI US

The west coast of Florida dominated the biggest movers metros.

Naples, Punta Gorda, Cape Coral and Sarasota are all located on the west side of the state. California dominates the bottom 10 metros, with Bakersfield ranking in the top spot falling 0.9 percent.

biggest movers

The HPI in Baltimore was reported at $276 in January 2016. Compared with a month ago, the HPI dropped 0.3 percent. The region is pretty significantly lower than the peak, which was in June 2007, of $327,000. This represents a 15.5 percent fall.

Looking to nearby Washington, D.C., the HPI is 14.3 percent lower than the area’s peak in May 2006. The HPI was $388 in January, which was a 0.1 percent increase over the previous month.

HPI

DC home prices are 18 percent higher than when the market hit rock bottom. On an annual basis, the HPI increased 2.4 percent in January.

DC

 

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×