By Jann Swanson | Mortgage News Daily
The fourth and last of the August home price estimates is in and none of them show any slowing of appreciation. Among peers, Black Knight Financial Services is the only one that doesn’t report a greater year-over-year gain in August than it did in July. Black Knight puts its Home Price Index (HPI) at $266,000, an annual increase of 5.3 percent, unchanged from the previous month.
Black Knight calls this “a trend of very stable growth. The 5.3 percent increase is, in fact, identical to the percentage gain in the index in seven out of the last eight months. The index rose 0.3 percent compared to July. The change from June to July was 0.4 percent.