Slowdown in Home Prices a Reality

first_img Black Knight Financial Services Home Prices 2016-01-25 Staff Writer Home prices have been consistently rising for the last few years, but it looks like that slow growth housing market that economists have been predicting for 2016 may have started early.Black Knight Financial Services’ Data and Analytics division released its November 2015 Home Price Index (HPI) report, finding that U.S. home prices rose marginally by 0.1 percent. Year-over-year home prices are still up 5.5 percent.The HPI reached $253,000 in November and is now only 5.3 percent off its June 2006 peak of $268,000. In addition, the index is up 27 percent from the housing market’s bottom in January 2012.New York led the gains among the states for the fifth consecutive month in November, rising 1.2 percent from the previous month. New York metros held five of the top 10 spots for the largest HPI changes in November. The rest of the top five states with the largest HPI changes month-over-month include South Carolina (0.6 percent), Oregon (0.5 percent), New Mexico (0.5 percent), and North Carolina (0.5 percent).In November, Black Knight reported that both Ohio and Connecticut saw the most negative home price appreciation, with home prices declining 0.4 percent from the previous month. New Hampshire, Wisconsin, and Virginia followed with home prices decreasing 0.3 percent in each of these states.Among U.S. metros, New York City, New York; Cape Coral, Florida; and Naples, Florida had the highest HPI changes in November, rising 1.0 percent from the prior month in each area. Glens Falls, New York and Punta Gorda, Florida following with home prices appreciating 0.9 percent month-over-month. On the negative end of appreciation were Milwaukee, Wisconsin (0.7 percent); Cleveland, Ohio (0.6 percent); Rockford, Illinois (0.6 percent); Springfield, Ohio (0.6 percent); and Decatur, Illinois (0.6 percent).The data showed that New York, Tennessee, and Texas all hit new home price peaks again in October at $357,000, $179,000, and $216,000, respectivelySeven of the nation’s 40 largest metros reached new peaks in October including Austin, Texas ($286,000); Dallas, Texas ($221,000); Denver, Colorado ($329,000); Houston, Texas ($220,000); Nashville, Tennessee ($222,000); Portland, Oregon ($324,000); and San Antonio, Texas ($195,000).Click here to view the full report. Slowdown in Home Prices a Reality January 25, 2016 491 Views center_img Share in Daily Dose, Data, Headlines, Market Studies, Newslast_img read more

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first_img Top Stories The Cardinals are not having a memorable season on eitherside of the ball, but the defense would be even moreforgettable without Calais Campbell going after theopposing quarterback.The defensive end leads the team with five sacks; and eventhough 4.5 of those came against the Seahawks and Rams,Campbell’s effort to pressure the quarterback can’t bedenied.According to Word From the Birds Blog,Campbell and the coaching staff both want to see more. “Alot of times I didn’t play as well as I could have. I feellike I could play so much better,” Campbell said. What an MLB source said about the D-backs’ trade haul for Greinke Nevada officials reach out to D-backs on potential relocation Comments   Share   center_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Still, with his contract running out at the end of theyear, an extension is something that the Cardinals need toget done.The Cardinals’ Darnell Dockett agrees. “We need to (resign him), and I trust Rod Graves and theorganization, they’ll do right by Calais,” he said. “He’sonly got upside.”There doesn’t seem to be anything in works yet, but asfans’ attention shifts from the disappointment of thisseason to the possibilities for next year, expect that tochange.Teams aren’t afraid when they come into Glendale, and theyshouldn’t be. The Cardinals need to get better next season. The defenseneeds to get better, and they can’t do that by letting thepieces that are working get away.“When you are trying to develop a championship team, youcan’t just let guys leak out of here,” Dockett said. “Weare trying to get back to the Super Bowl and be apowerhouse team, we can’t just work together, we also haveto have the guys here, the weapons to get that done.” Cardinals expect improving Murphy to contribute right awaylast_img read more