Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted.
From Black Knight: U.S. home prices rose 0.1% from October, and were up 5.5% on a year-over-year basis
• U.S. home prices rose 0.1% from October, and were up 5.5% on a year-over- year basis
• This puts national home prices up 27% since the bottom of the market at the start of 2012 and just 5.3% off its June 2006 peak
• For the fifth straight month, New York led gains among the states, seeing 1.2% month-over-month appreciation
• Ohio and Connecticut topped the list of 10 most negative price movements among the states, with home prices falling by 0.4% from October in each state
• California home prices declined for the second straight month, though seasonally adjusted numbers suggest continued but slowing growth for the state
The Black Knight HPI increased 0.1% percent in November, and is off 5.3% from the peak in June 2006 (not adjusted for inflation).
The year-over-year increase in the index has been about the same for the last year.
Note: Case-Shiller for November will be released tomorrow.