January home prices show 5% increase: Black Knight

Home prices hit a new peak in February, according to Black Knight Financial Services’ Home Price Index. Home prices increased 0.8% from January to $268,000 in February, up from $266,000 in January.

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Black Americans account for only 2.33% of San Jose’s overall population. The percentage of homes owned by black homeowners is nearly 1.5%, which is still a disproportionately small percentage. Black Americans have the lowest incomes of any racial group in the nation’s 50 largest metro areas.

Heavy demand from investors has slowed, and traditional mortgage-based homebuyers have yet to re-enter the market in full force, noted Moody’s analysts (Economy.com Aug. 26).Slower home-price growth, along with reports of a positive outlook among homebuilders, is a good sign of a more normal housing sector, David Blitzer, index committee chairman at S&P Dow Jones Indices, told MarketWatch.

Why home prices could soon crank up again "We have maintained the view that 4 percent mortgage rates are too high to allow for sustainable recovery in housing," he wrote, adding that a drop to the.

Altria Group has increased its dividend for nine of the past 10 years and presently has a yield of 5.5%. inelastic in that the price can be increased without having the demand decrease a large.

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Black Knight Financial Services reported Monday a 5.5 percent annual increase in its Home Price Index (HPI) for June, bringing the index to a value of $241,000 based on transactions throughout the.

Reduced-form estimates using U.S. Census data show that positive local labor demand shocks increase population more than negative shocks reduce population, this asymmetry is larger for low-skill workers, and such an asymmetry is absent for average wages, housing values, and rental prices.

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The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth improved 0.2 % from last months 5.1 %. The index authors stated "Further gains in.