Home prices grew by 5.3% year-over-year for August, which was the seventh out of the last eight months for an annual increase at this same level, according to Black Knight Financial Services.
On a month-to-month basis, prices increased by 0.3%
On the state level, New York led the way, with a 1.4% increase compared with July. Plus the eight cities with the largest month-to-month improvement and nine of the top 10 were in New York, led by Utica, New York City, Watertown and Syracuse, all with a 1.2% increase.
The Black Knight Home Price Index for August was at $266,000. This was 0.7% below the market's peak and 33% above the bottom. In
The remaining top 10 cities were Ithaca, N.Y.; Elmira, N.Y.; Albany, N.Y.; Glens Falls, N.Y.; Daytona Beach, Fla.; and Kingston, N.Y.
However, nine states saw negative price movement, led by South Carolina, North Dakota, Virginia, Connecticut and Missouri, all down 0.3% from July.
