BLACK KNIGHT HPI - LoanSafe.org...FEBRUARY’S BIGGEST MOVERS Below, we examine the top and bottom 10 largest monthly HPI changes among all U.S. states and metropolitan areas tracked

BLACK KNIGHT HPI REPORT

MARCH 2017

Confidential, Proprietary and/or Trade SecretTM SM ® Trademark(s) of Black Knight IP Holding Company, LLC, and/or an affiliate.© 2017 Black Knight Financial Technology Solutions, LLC. All Rights Reserved.

MARCH 2017


1 MARCH 2017 OVERVIEW

2 NATIONAL OVERVIEW

3 LARGEST STATES AND METROS

9 MARCH 2017 BIGGEST MOVERS

10 20 LARGEST STATES

11 40 LARGEST METROS

13 ADDITIONAL INFORMATION

CONTENTS


MARCH 2017


Each month, the Data & Analytics division of Black Knight Financial Services releases its Home Price Index (HPI) report. This month we look at data on March 2017 residential real estate transactions.

The Black Knight HPI utilizes repeat sales data from the nation’s largest public records data set as well as its market-leading loan-level mortgage performance data to produce one of the most complete and accurate measures of home prices available.

The Black Knight HPI provides essential micro-level valuation data by covering nearly 90 percent of U.S. residential properties at the ZIP-code level in both disclosure and non-disclosure states. Black Knight’s HPI is available with or without seasonal adjustments, although numbers cited throughout this report are not seasonally-adjusted.

Some highlights from March’s data:

» U.S. home prices continued their upward trend, with the national HPI hitting another new peak in March at $272K, and marking a 2.3 percent gain since the start of the year

» Home prices rose 1.3 percent for the month and were up 5.8 percent year-over-year

» Washington led all states in appreciation for the second consecutive month, with home prices there rising 2.2 percent from February

» San Jose, CA led the nation’s metropolitan areas with 2.6 percent monthly appreciation, followed by Seattle, WA at 2.4 percent

» The top 10 best performing metros all saw monthly price gains of two percent or higher

» Three metropolitan areas have seen home prices rise by five percent or more since the start of the year: San Francisco, CA (5.0 percent); Seattle, WA (5.9 percent); and San Jose, CA (6.4 percent)

» The market in Tuscaloosa, AL continues to show considerable stress; prices fell another 4.5 percent in March, marking a 17 percent decline year-to-date so far and its fourth consecutive month as the country’s worst performing metropolitan area

» Among the 20 largest states tracked by Black Knight, eight hit new peaks in February – Indiana, Massachusetts, New York, North Carolina, Pennsylvania, Tennessee, Texas and Washington

» Of the nation’s 40 largest metros, 15 hit new peaks – Austin, TX; Boston, MA; Charlotte, NC; Columbus, OH; Dallas, TX; Denver, CO; Houston, TX; Kansas City, MO; Los Angeles, CA; Nashville, TN; Portland, OR; San Antonio, TX; San Francisco, CA; San Jose, CA; and Seattle, WA

To download high-resolution versions of the images and charts contained in this report, please click here.

MARCH 2017 OVERVIEW

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_Graphics.zip


MARCH 2017


PEAK DATE

FROM PEAK

FROM TROUGH

YEAR AGO

START OF YEAR

MONTH AGO

MARCH 2017

February 2017 $2720.0%

$199 36.3%

$257 5.8%

$266 2.3%

$268 1.3% $272

NATIONAL OVERVIEW

Below, we look at national level home price trends. All dollar figures shown are in thousands. Percentages are relative changes of HPI from dates shown to March 2017. You may click on each table and/or infographic to see its contents in high-resolution.

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_Chart01.pdf

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_US_hi_res.jpg


MARCH 2017


HPI CHANGES FR0M LAST MONTH

Largest States Largest MetrosCalifornia 1.6% New York, NY 1.3%

Texas 0.8% Los Angeles, CA 1.2%

Florida 1.5% Chicago, IL 1.6%

New York 1.4% Dallas, TX 1.1%

Illinois 1.7% Houston, TX 0.5%

Pennsylvania 1.1% Philadelphia, PA 1.0%

Ohio 1.5% Washington D.C. 1.0%

Georgia 1.7% Miami, FL 1.4%

North Carolina 1.4% Atlanta, GA 1.9%

Michigan 1.7% Boston, MA 1.4%

LARGEST STATES AND METROS

Here we look at monthly HPI changes for each of the ten largest states and metro areas, ranked by population. Percentages are relative changes of HPI from February 2017 to March 2017. You may click on each table and/or infographic to see its contents in high-resolution.


http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_CA_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_TX_hi_res.jpg


MARCH 2017



http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_FL_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_NY_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_IL_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_PA_hi_res.jpg


MARCH 2017



http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_OH_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_GA_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_NC_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_MI_hi_res.jpg


MARCH 2017



http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_NYC_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_LA_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_CHI_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_DAL_hi_res.jpg


MARCH 2017



http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_HOU_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_PHI_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_DC_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_MIA_hi_res.jpg


MARCH 2017



http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_ATL_hi_res.jpg

http://www.bkfs.com/Data/DataReports/BKFS_HPI_Mar2017_BOS_hi_res.jpg


MARCH 2017


BIGGEST MOVERS: METROS

Top 10 Bottom 10San Jose, CA 2.6% Tuscaloosa, AL -4.5%

Seattle, WA 2.4% Beckley, WV 0.0%

Bellingham, WA 2.3% Huntington, WV 0.0%

Walla Walla, WA 2.2% Daphne, AL 0.1%

San Francisco, CA 2.2% Casper, WY 0.1%

Kankakee, IL 2.2% Dothan, AL 0.2%

Spokane, WA 2.0% Decatur, AL 0.3%

Sacramento, CA 2.0% Blacksburg, VA 0.3%

Boulder, CO 2.0% Owensboro, KY 0.3%

Bloomington, IL 2.0% Roanoke, VA 0.3%

BIGGEST MOVERS: STATES

Top 10 Bottom 10Washington 2.2% West Virginia 0.0%

Nebraska 1.9% Wyoming 0.1%

Michigan 1.7% Mississippi 0.3%

Oregon 1.7% South Dakota 0.4%

Georgia 1.7% Kansas 0.4%

Colorado 1.7% Alabama 0.4%

Illinois 1.7% Maine 0.5%

Nevada 1.6% Louisiana 0.6%

Minnesota 1.6% Arizona 0.7%

Utah 1.6% Rhode Island 0.7%

FEBRUARY’S BIGGEST MOVERS

Below, we examine the top and bottom 10 largest monthly HPI changes among all U.S. states and metropolitan areas tracked by the Black Knight HPI. Percentages are relative changes of HPI from February 2017 to March 2017. You may click on each table to see its contents in high-resolution.




MARCH 2017


STATES DATE OF PEAK

FROM PEAK

FROM TROUGH

YEAR AGO

START OF YEAR

MONTH AGO

MARCH2017

Arizona May 2006 $299 -19.9%

$157 52.0%

$226 5.7%

$236 1.5%

$238 0.7% $239

California May 2006 $523 -4.5%

$297 68.4%

$466 7.3%

$483 3.5%

$492 1.6% $500

Florida April 2006 $296 -19.0%

$159 51.2%

$225 6.6%

$234 2.3%

$236 1.5% $240

Georgia June 2007 $206 -1.6%

$139 45.2%

$190 6.7%

$198 2.2%

$199 1.7% $203

Illinois July 2006 $269 -15.3%

$177 28.9%

$219 4.4%

$223 2.4%

$224 1.7% $228

Indiana March 2017 $151 0.0%

$128 17.3%

$144 4.6%

$148 1.6%

$149 1.3% $151

Maryland July 2006 $354 -15.1%

$256 17.3%

$294 2.4%

$298 1.1%

$298 1.0% $301

Massachusetts March 2017 $381 0.0%

$286 33.3%

$359 6.3%

$376 1.5%

$377 1.1% $381

Michigan July 2005 $182 -8.4%

$112 48.5%

$157 6.2%

$163 2.5%

$164 1.7% $167

Missouri June 2007 $174 -4.5%

$149 11.5%

$158 5.2%

$163 2.0%

$164 1.3% $166

New Jersey June 2006 $385 -15.1%

$282 15.8%

$313 4.3%

$322 1.5%

$323 1.0% $327

New York March 2017 $371 0.0%

$291 27.6%

$346 7.4%

$360 3.1%

$366 1.4% $371

North Carolina March 2017 $207 0.0%

$171 20.8%

$196 5.6%

$203 2.1%

$204 1.4% $207

Ohio June 2006 $158 -2.1%

$130 18.9%

$147 4.9%

$151 2.0%

$152 1.5% $154

Pennsylvania March 2017 $222 0.0%

$197 12.9%

$213 4.0%

$219 1.6%

$220 1.1% $222

Tennessee March 2017 $194 0.0%

$155 24.8%

$182 6.4%

$189 2.3%

$191 1.2% $194

Texas March 2017 $234 0.0%

$171 37.0%

$221 5.9%

$230 1.8%

$232 0.8% $234

Virginia June 2006 $359 -8.8%

$279 17.3%

$318 3.2%

$322 1.7%

$324 1.2% $328

Washington March 2017 $360 0.0%

$231 55.7%

$323 11.6%

$343 4.9%

$352 2.2% $360

Wisconsin June 2007 $191 -0.4%

$160 18.8%

$181 4.8%

$186 1.9%

$187 1.5% $190

20 LARGEST STATES

Below we present an expanded look at details for the largest 20 states covered by Black Knight data, listed in alphabetical order. Percentages are relative changes of HPI from dates shown to March 2017. Trough refers to national market bottom in January 2012. All dollar figures shown are in thousands. You may click on each table to see its contents in high-resolution.



MARCH 2017


METROS DATE OF PEAK

FROM PEAK

FROM TROUGH

YEAR AGO

START OF YEAR

MONTH AGO

MARCH2017

Atlanta, GA June 2007 $215 -0.4%

$138 55.4%

$199 7.8%

$209 2.5%

$210 1.9% $214

Austin, TX March 2017 $310 0.0%

$210 47.6%

$293 5.7%

$304 1.9%

$308 0.8% $310

Baltimore, MD June 2007 $330 -13.2%

$253 13.4%

$280 2.3%

$283 1.1%

$284 1.0% $287

Boston, MA March 2017 $443 0.0%

$318 39.5%

$413 7.2%

$434 2.0%

$437 1.4% $443

Charlotte, NC March 2017 $221 0.0%

$167 32.1%

$206 7.3%

$216 2.3%

$218 1.5% $221

Chicago, IL August 2006 $285 -15.5%

$183 31.7%

$229 4.9%

$235 2.4%

$237 1.6% $241

Cincinnati, OH June 2006 $173 -0.1%

$145 18.7%

$164 5.3%

$169 2.1%

$170 1.5% $173

Cleveland, OH June 2006 $163 -10.0%

$123 19.9%

$140 5.2%

$144 1.8%

$145 1.4% $147

Columbus, OH March 2017 $189 0.0%

$148 28.0%

$179 5.8%

$185 2.4%

$187 1.4% $189

Dallas, TX March 2017 $250 0.0%

$170 46.6%

$228 9.5%

$243 2.7%

$247 1.1% $250

Denver, CO March 2017 $379 0.0%

$227 66.7%

$346 9.4%

$364 4.1%

$372 1.8% $379

Detroit, MI July 2005 $196 -14.6%

$105 58.9%

$158 6.0%

$163 3.1%

$165 1.8% $168

Houston, TX March 2017 $231 0.0%

$169 36.6%

$225 2.8%

$229 0.9%

$230 0.5% $231

Jacksonville, FL June 2006 $250 -17.7%

$148 38.4%

$192 7.3%

$199 3.2%

$202 1.6% $205

Kansas City, MO March 2017 $192 0.0%

$154 24.3%

$178 7.7%

$187 2.4%

$189 1.4% $192

Las Vegas, NV May 2006 $343 -30.2%

$135 77.5%

$222 7.6%

$232 3.3%

$235 1.6% $239

Los Angeles, CA March 2017 $633 0.0%

$395 60.3%

$5936.7%

$615 2.9%

$625 1.2% $633

Memphis, TN September 2006

$175 -5.4%

$140 17.8%

$156 5.7%

$162 2.0%

$163 1.2% $165

Miami, FL May 2006 $351 -16.8%

$181 61.4%

$276 5.9%

$287 1.9%

$288 1.4% $292

Milwaukee, WI June 2007 $215 -5.9%

$168 20.2%

$190 6.4%

$198 2.3%

$199 1.7% $202

40 LARGEST METROS

Below we present an expanded look at details for the nation’s 40 largest metropolitan areas covered by Black Knight data, listed in alphabetical order. Percentages are relative changes of HPI from dates shown to March2017. Trough refers to national market bottom in January 2012. All dollar figures shown are in thousands. You may click on each table to see its contents in high-resolution.



MARCH 2017


40 LARGEST METROS

METROS DATE OF PEAK

FROM PEAK

FROM TROUGH

YEAR AGO

START OF YEAR

MONTH AGO

MARCH2017

Minneapolis, MN May 2006 $264 -2.2%

$188 37.7%

$245 5.6%

$252 2.6%

$254 1.6% $258

Nashville, TN March 2017 $253 0.0%

$177 42.9%

$230 9.8%

$245 3.0%

$249 1.3% $253

New York, NY July 2006 $469 -2.1%

$359 28.1%

$431 6.7%

$447 2.8%

$453 1.3% $459

Orlando, FL June 2006 $285 -22.4%

$144 54.3%

$204 8.9%

$215 3.0%

$218 1.6% $222

Philadelphia, PA July 2007 $278 -7.0%

$230 12.4%

$248 4.6%

$254 1.8%

$256 1.0% $259

Phoenix, AZ May 2006 $314 -19.4%

$157 61.0%

$238 6.0%

$248 1.7%

$251 0.7% $253

Pittsburgh, PA July 2016 $195 -1.5%

$164 17.5%

$188 2.4%

$191 0.7%

$190 1.0% $192

Portland, OR March 2017 $373 0.0%

$227 64.7%

$340 9.7%

$359 3.8%

$366 1.8% $373

Providence, RI June 2006 $310 -13.5%

$212 26.4%

$256 5.0%

$268 0.3%

$266 0.7% $268

Riverside, CA June 2006 $416 -20.0%

$201 65.7%

$312 6.8%

$324 2.7%

$329 1.3% $333

Sacramento, CA September 2005

$436 -13.0%

$216 75.7%

$346 9.6%

$365 4.0%

$372 2.0% $379

San Antonio, TX March 2017 $211 0.0%

$166 27.1%

$200 5.6%

$207 1.7%

$209 0.8% $211

San Diego, CA August 2005 $564 -0.3%

$354 59.0%

$524 7.5%

$542 3.8%

$555 1.5% $563

San Francisco, CA March 2017 $811 0.0%

$420 93.1%

$759 6.8%

$773 5.0%

$794 2.2% $811

San Jose, CA March 2017 $968 0.0%

$505 91.7%

$907 6.7%

$909 6.4%

$943 2.6% $968

Seattle, WA March 2017 $445 0.0%

$263 69.5%

$393 13.4%

$421 5.9%

$435 2.4% $445

St. Louis, MO July 2007 $185 -11.9%

$155 5.1%

$159 2.7%

$160 2.0%

$161 1.4% $163

Tampa, FL May 2006 $256 -17.8%

$140 50.1%

$196 7.4%

$207 2.0%

$208 1.5% $211

Virginia Beach, VA June 2007 $269 -10.2%

$220 10.0%

$237 2.0%

$239 1.0%

$239 1.2% $242

Washington D.C. May 2006 $452 -10.5%

$328 23.4%

$393 3.0%

$399 1.5%

$401 1.0% $405



MARCH 2017


About the Black Knight HPI:

The Black Knight HPI is one of the most complete and accurate measures of home prices available, providing essential micro-level valuation data by covering nearly 90 percent of U.S. residential properties at the ZIP-code level. The Black Knight HPI provides the most timely updates possible, without the disruptive volatility of frequent historical revisions, for ZIP codes, cities, counties, states, the nation and statistical areas as defined by the White House Office of Management and Budget.

The Black Knight HPI utilizes repeat sales data from the nation’s largest public records data set as well as its market-leading loan-level mortgage performance data to capture home price data from both disclosure and non-disclosure states. Each month the Black Knight HPI reports five price levels (quintiles), along with REO discount rates for each of 18,000+ U.S. ZIP codes. This level of detail is provided for three property groupings in every ZIP code: i) all residential properties, ii) condominiums, and iii) single-family housing. Black Knight’s HPI is available with or without seasonal adjustments (numbers cited in this report are not seasonally-adjusted).

For more information about gaining access to Black Knight’s full HPI dataset for your business, please send an email to [email protected].

ADDITIONAL INFORMATION

mailto:dataanalyticsinfo%40bkfs.com?subject=

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BLACK KNIGHT HPI - LoanSafe.org...FEBRUARY’S BIGGEST MOVERS Below, we examine the top and bottom 10 largest monthly HPI changes among all U.S. states and metropolitan areas tracked