Home Price Gains Continue Cooling Off

Posted To: MND NewsWire

Black Knight Financial Services reported on Monday that home prices as measured by its national Home Price Index (HPI) continued to slow on a monthly basis, although the year-over-year rate continues to accelerate. The company said the HPI rose 0.16 percent from August to September, only two-thirds of its increase (0.24 percent) from July to August. It was the sixth consecutive month the index’s growth had slowed. The HPI, which finished the month at $282,000, posted a 6.36 annual increase. The 12-month appreciation in August was 6.24 percent. The slowdown in gains was widespread . Half of the 20 largest states and 17 of its largest metros saw prices fall compared to the previous month. Michigan had the largest decline at 0.61 percent and Detroit led the large metro areas with a decline of…(read more)

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