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Black Knight: U.S. Home Prices Up 7.6 Percent In February

Apr 28, 2014 | Reprints | Unlock Link | Print

U.S. home prices rose 7.6 percent in February compared with last year, rising to an average price of $233,000, according to a new report from Black Knight Financial Services.

Black Knight’s Home Price Index (HPI) rose 0.7 percent compared with January. Overall, U.S. home prices are now 13.5 percent below their peak in June 2006, according to the index.

Massachusetts was among the bottom 10 states for price growth in February, according to Black Knight, with the HPI rising 0.2 percent over January and 6 percent over February 2013, to $327,000. Bay State home prices remain 9.4 percent below their August 2005 peak of $361,000 according to the index.

California reported especially strong gains, with prices up 1.3 percent over January and eight of the top 10 fastest growing cities in the Golden State.

Residential