by Calculated Risk on 11/27/2017 01:08:00 PM

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA and more). Note: Black Knight uses the current month closings only (not a three month average like Case-Shiller or a weighted average like CoreLogic), excludes short sales and REOs, and is not seasonally adjusted.

From Black Knight: Black Knight Home Price Index: Monthly Appreciation Continues to Slow as U.S. Home Prices Gain 0.16 Percent in September; Year-Over-Year Growth Accelerates Slightly at 6.36 Percent

• The rate of monthly appreciation declined again in September, falling by one-third from August and marking the sixth consecutive month of slowing growth

• New York home prices led all states for the third month in a row, seeing a 1.08 percent rise in home prices from August

• Half of the nation’s 20 largest states and 17 of the largest metros saw prices fall from last month
...
• The number of states and metros setting new home price peaks continued to fall, with just six of the 20 largest states and 11 of the 40 largest metros hitting new highs in September

Once again, this index is Not seasonally adjusted, and seasonally slow appreciation is expected (so don't read too much into slowing growth).  The year-over-year increase in this index has been about the same for the last year (close to 6% range).

Note also that house prices are above the bubble peak in nominal terms, but not in real terms (adjusted for inflation).  Case-Shiller for September will be released tomorrow.