Black Knight: U.S. Home Prices Increased 0.4% In July

U.S. home prices increased 0.4% in July compared with June and increased 5.3% compared with July 2015, according to Black Knight Financial Services’ home price index (HPI) report.

What’s more, home prices were up 33% from the market’s bottom in January 2012.

The average price for a home in the U.S. was $266,000, which is just 0.8% off from the peak set in June 2006.

New York and Minnesota led the states in terms of home price gains, with increases of 1.1% and 1.0%, respectively, compared with June. Missouri was the only state to see home prices decrease; home prices there fell 0.1%.

Most of the metropolitan areas covered in the report saw month-over-month increases – with 40 of them hitting new peaks.

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