The Data & Analytics division of Black Knight Financial Services released on Monday its latest Home Price Index (HPI), noting an increase of .1 percent in home prices to $232,000 for the month of December.
The figure represents the price of non-distressed sales by taking into account price discounts for real estate owned (REO) and short sales.
According to the press release, "The Black Knight HPI combines the company's extensive property and loan-level databases to produce a repeat sales analysis of home prices as of their transaction dates every month for each of more than 18,500 U.S. ZIP codes."
Prices rose this past year from December, 2012, when the HPI was $214,000, an 8.4 percent change.
The $232,000 figure cited by the report is a 13.9 percent drop from the HPI’s peak of $270,000 in June, 2006.
14 of the 20 largest states saw marginal month-over-month home price declines.
The largest states experienced varying degrees of home price changes: California experienced no change; Florida rose .6 percent; New Jersey fell .1 percent; New York rose .7 percent; and Texas rose .4 percent.
The states with the biggest increases in home prices were New York (.7 percent), Florida (.6 percent), and Oklahoma, Texas, and Nebraska (each .4 percent).
States with the largest decrease in home prices include Alaska down .8 percent, with North Dakota, North Carolina, Hawaii, and Washington each dropping .4 percent.