Home  >  Investors  >  Press Releases  >  Press Release Details

Press Release Details



View all news

Black Knight Home Price Index Report: March 2016 Transactions -- U.S. Home Prices Up 1.2 Percent for the Month; Up 5.3 Percent Year-Over-Year

May 31, 2016

- At $257K, the U.S. HPI is up 29 percent from the market's bottom and is just 3.8 percent off the June 2006 peak of $268K
- Washington again led all states with 2.1 percent appreciation, followed by Illinois, Oregon and Colorado, all at 1.9 percent
- Strong upward monthly price movement was observed in many metro areas, with the top 10 movers all seeing at least 2.0 percent growth or higher
- All states and metro areas experienced positive price movement in March, with four of the 20 largest states and 12 of the 40 largest metros hitting new peaks

JACKSONVILLE, Fla., May 31, 2016 /PRNewswire/ -- Today, the Data & Analytics division of Black Knight Financial Services, Inc. (NYSE: BKFS) released its latest Home Price Index (HPI) report, based on March 2016 residential real estate transactions. The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set, as well as its market-leading, loan-level mortgage performance data, to produce one of the most complete and accurate measures of home prices available for both disclosure and non-disclosure states. Non-disclosure states do not include property sales price information as part of their publicly available county recorder data. Black Knight is able to obtain the sales price information for these states by combining and matching records across its unique data assets. 

Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates, for 18,000+ U.S. ZIP codes. Findings are available with or without seasonal adjustments, although all numbers that follow have not been seasonally adjusted. 

For a more in-depth review of this month's home price trends, including detailed looks at average home prices in the 20 largest states and 40 largest metros, please download the full Black Knight HPI Report at http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/HPINow.aspx

United States HPI:

$257K

Change from Last Month:

1.2%

Change from Last Year:

5.3%

Change from Peak: 

-3.8%

Largest States' HPI Changes from Last Month (Ranked by Population)

California

1.2%

Texas

0.9%

Florida

1.2%

New York

0.8%

Illinois

1.9%

Pennsylvania

0.5%

Ohio

1.1%

Georgia

1.5%

North Carolina 

0.9%

Michigan 

1.8%

Largest Metros' HPI Changes from Last Month (Ranked by Population)

New York, NY

0.7%

Los Angeles, CA

1.0%

Chicago, IL

2.0%

Dallas, TX 

1.0%

Houston, TX

0.8%

Philadelphia, PA

0.8%

Washington, D.C.

1.2%

Miami, FL

1.2%

Atlanta, GA

1.7%

Boston, MA 

1.1%

Top 10 Movers, State-Level

Washington

2.1%

Illinois 

1.9%

Oregon 

1.9%

Colorado 

1.9%

Michigan 

1.8%

Utah 

1.5%

Georgia 

1.5%

Iowa 

1.5%

North Dakota

1.5%

Minnesota

1.4%

Top 10 Movers, Metro-Level

Seattle, WA

2.2%

Boulder, CO

2.2%

Portland, OR

2.2%

Walla Walla, WA

2.1%

Spokane, WA

2.1%

San Jose, CA

2.1%

Denver, CO

2.0%

Chicago, IL

2.0%

Mount Vernon, WA

2.0%

Muskegon, MI

2.0%

To download the full Black Knight HPI Report, visit http://www.bkfs.com/CorporateInformation/NewsRoom/Pages/HPINow.aspx

For more information about gaining access to Black Knight's full HPI dataset for your business, please send an email to dataanalyticsinfo@bkfs.com.

About the Black Knight Home Price Index

The Black Knight HPI is one of the most complete and accurate measures of home prices available, providing essential micro-level valuation data by covering nearly 90 percent of U.S. residential properties at the ZIP-code level. The Black Knight HPI provides the most timely updates possible, without the disruptive volatility of frequent historical revisions, for ZIP codes, cities, counties, states, the nation and statistical areas as defined by the White House Office of Management and Budget.

The Black Knight HPI utilizes repeat sales data from the nation's largest public records data set as well as its market-leading loan-level mortgage performance data to capture home price data from both disclosure and non-disclosure states.  Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates for each of 18,000+ U.S. ZIP codes. This level of detail is provided for three property groupings in every ZIP code: i) all residential properties, ii) condominiums, and iii) single-family housing. Black Knight's HPI is available with or without seasonal adjustments (numbers cited above are not seasonally-adjusted).

About Black Knight Financial Services, Inc. 
Black Knight Financial Services, Inc. (NYSE: BKFS), a Fidelity National Financial (NYSE: FNF) company, is a leading provider of integrated technology, data and analytics solutions that facilitate and automate many of the business processes across the mortgage lifecycle.

Black Knight Financial Services is committed to being a premier business partner that lenders and servicers rely on to achieve their strategic goals, realize greater success and better serve their customers by delivering best-in-class technology, services and insight with a relentless commitment to excellence, innovation, integrity and leadership. For more information on Black Knight Financial Services, please visit www.bkfs.com.

For more information:

Michelle Kersch

Mitch Cohen    

904.854.5043 

646.546.5103

michelle.kersch@bkfs.com  

mitch@mprg.com

Logo - http://photos.prnewswire.com/prnh/20150712/235391LOGO

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/black-knight-home-price-index-report-march-2016-transactions----us-home-prices-up-12-percent-for-the-month-up-53-percent-year-over-year-300276482.html

SOURCE Black Knight Financial Services, Inc.

Categories: Press Releases
View all news