Home prices continued their upward trajectory in February and are up 7.6% from last year, with no signs of stopping.
According to the latest Black Knight Financial Service February home price index report, the current national HPI sits at $233 thousand, putting home prices 13.5% off their June 2006 peak.
But the surge filters deeper than just the national level, as many states recorded an uptick in home prices.
So where were the biggest market movers?
Largest state change in HPI from last month:(Using only the top 20 cities)
Texas .9%
New York .8%
New Jersey .2%
Florida .4%
California 1.3%
Largest Metro change in HPI from last month:(Using the top 40 metros)
Washington, D.C .7%
New York .5%
Los Angeles .9%
Dallas .9%
Chicago .9%
Meanwhile, the report unveiled the top and bottom 10 biggest moving Metros:
Top 10: (Using about 900 metros)
Oxnard, Calif. 1.4%
San Luis Obispo, Calif. 1.5%
Portland, Ore. 1.5%
Stockton, Calif. 1.5%
Modesto, Calif. 1.5%
Seattle, Wash. 1.7%
Vallejo, Calif. 1.8%
Santa Rosa, Calif. 1.8%
San Francisco 2.2%
San Jose, Calif. 2.6%
Bottom 10:
Akron, Ohio -.2%
Cincinnati, Ohio -.2%
Atlantic City, N.J. -.1%
Dayton, Ohio -.1%
Birmingham, Ala. -.1%
Allentown, Pa. 0%
Trenton, N.J. 0%
Barnstable Town, Mass. .1%
Cleveland, Ohio .1%
Reading Pa. .1%
