AgentMarkets & Economy

L.A. home values jump as West Coast markets surge, report says

Black Night report says L.A. home values inching closer to 2006 peak

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Black Knight Financial Services recently released its February 2016 residential real estate transactions report, the Home Price Index (HPI). The report found that national home prices in February were up 5.3 percent on an annual basis and increased 0.7 since January. Other notable points of the report include: The U.S. HPI was reported at $254,000 -- up 27.5 percent from the market’s bottom but 5 percent off the June 2006 peak of $267,000 Home prices in New York, Tennessee and Texas all hit new peaks in February San Jose led metro areas with 2.4 percent price growth from January, followed by Seattle at 2.1 percent Connecticut, Rhode Island and New Jersey were the only states to see negative price movement in February, accounting for seven of the ten worst performing metro areas Of the nation’s 40 largest metros, Austin, Dallas, Denver, Houston, Kansas City, Nashville, Portland, San Antonio, San Francisco and San Jose all hit new peaks The Pacific Co...