Home price increases slow; prices 11% below peak

By Jann Swanson | Mortgage News Daily

Home price increases wound down further in August. The Home Price Index released by Black Knight Financial Services today rose a negligible 0.1 percent from July to August and was 4.9 percent higher than a year earlier. In August of 2013 the year-over-year price gain was 9 percent and as recently as April increases were running 6.4 percent on an annual basis.

The company said that nearly half of the 20 largest states actually saw price declines from July to August although eight of the largest metro areas hit new peak price levels. Black Knight’s Home Price Index for the U.S. was $241,000 in August, the same number as in July. The HPI registered $230,000 in August 2013.

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October 28, 2014

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