Home prices increased in May from the previous month and the previous year, according to the latest Home Price Index from Black Knight Financial Services.
Home prices hit yet another new peak in May, marking a total gain of 4.6% so far in 2017. Annually, home prices increased 6.1% from May last year to $ 278,000. This marks an increase of 1.1% from April.
The Black Knight HPI uses rep…