Home Price Growth Flat in September: Black Knight
Home prices grew by a paltry 0.1% month over month in September, though the pace of price appreciation on an annual basis remained high, according to Black Knight Financial Services.
Year-over-year home prices rose 5.4%, the company said Monday. The index in September was at $266,000, just 0.6% off its peak.
On the state level, New York continued to lead the way, featuring a 0.9% price increase month over month, followed by Florida and Utah.
While New York came out on top at the state level, only one New York metropolitan area made the top 10 list for cities: Glen Falls. Five Florida cities made the list: Lakeland, Palm Bay, Homosassa Springs, Daytona Beach and Port St. Lucie.
The remaining metro areas that had the highest home price appreciation in September were all located in Washington: Mount Vernon, Yakima, Longview and Bellingham.
Overall, seven states and seven metro areas recorded new peak home prices. At the same time, St. Louis was alone as the only metro area among the 40 largest in the country to see home prices fall from 2015.