U.S. home prices are within a mere 0.3 percent of reaching a new national peak, reports Black Knight Financial Services Inc. The firm’s latest Home Price Index, which reflects November 2016 residential real estate sales. The new study shows that home prices have risen 5.7 percent since the start of 2016. Home prices reached new peaks in six of the country’s 20 largest states and eight of the 40 largest metros.
Source: “Report: Home Prices 0.3% Away From New Peak,” BUILDER (Jan. 30, 2017)