U.S. Home Prices Increased Slightly In January

U.S. home prices increased 0.1% in January compared with December 2015 and were up 5.3% compared with January 2015, according to Black Knight Financial Services’ home price index report.

The average price of a home in January was $253,000, which is about 5.5% below the peak of $267,000 seen in June 2006 and about 26.7% higher than the market’s bottom in 2010.

States that saw the most home price appreciation in January compared with December included New York (0.9%), Pennsylvania (0.7%), West Virginia (0.5%), Oklahoma (0.4%) and Kentucky (0.4%).

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