Home Prices Increase 5.6% in October: Black Knight

Mortgage

Home prices rose 5.6% year over year in October, Black Knight Financial Services reported.

This represented the 54th consecutive year-over-year increase, Black Knight said in its Home Price Index report released Monday. The HPI, which came to $266,000, also increased 0.2% from the month before.

Florida metropolitan areas led the rest of the country in terms of home price appreciation, with eight Florida cities making the top 10 nationwide in terms of home price growth. These cities included Daytona Beach, Punta Gorda, Lakeland, Homosassa Springs, Ocala, Palm Bay and Orlando.

The other cities to make the top 10 were New York and Seattle.

Additionally, New York led all other states in terms of price appreciation, followed by Florida and Washington.

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