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January home prices show 5% increase: Black Knight

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    January’s home prices rose slightly, 0.1% month-over-month and 5.3% yearly, according to the home price index report by Black Knight Financial Services. The report considers repeat sales data.

    Some 6.8 million borrowers currently could benefit from a refinance, according to analysis by Black Knight, a mortgage data analytics company. Borrowers on average would save $268 a month.

    People Are Making Big Money Kicking Detroit Residents Out Of Their Homes (HBO) According to the latest data, the median home price for the state of New Jersey was around $321,000 as of November 2018. (Though it rises sharply as you move toward the NYC metro area.) That was an increase of around 7% from the median price a year ago. Home values are expected to continue rising into 2019 as well.

    From Black Knight: U.S. Home Prices Up 0.2 Percent for the Month; Up 5.5 Percent Year-Over-Year U.S. home prices were up 0.2 percent for the month, and have gained 5.5 percent from one year ago At $254K, the national level HPI is now just 5.3 percent off its June 2006 peak of $268K, and up 26.9 percent from the market’s bottom in.

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