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Black Knight's HPI Holds on to Late Year Gains

Posted To: MND NewsWire

Black Knight Financial Services reported on Monday that its Home Price Index posted another 5.7 percent annual increase in the national rate of appreciation. Over the course of 2016 prices rose on a year-over-year basis by an average of 5.4 percent each month, however appreciation accelerated into the later months and the December increase tied with November for the highest rates of the year. The November to December gain was 0.1 percent, down from the 0.2 percent rate in each of the previous two months. Home prices in four of the nation’s 20 largest states, Massachusetts , New York, North Carolina, and Washington , hit new peaks as did seven of the 40 largest metropolitan areas. The highest rate of monthly appreciation among the states, 1.2 percent, was again in New York which has led for…(read more)

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Source: Mortgage News Daily

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