by Calculated Risk on 5/30/2017 07:00:00 AM

Note: I follow several house price indexes (Case-Shiller, CoreLogic, Black Knight, Zillow, FHFA, FNC 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 Report: U.S. Home Prices Hit Another New Peak, Rising 1.3 Percent for the Month, Up 5.8 Percent Year-Over-Year

• At $272K, the national-level HPI continued its upward trend, hitting another new peak in March 2017, marking a 2.3 percent gain in home prices since the start of the year

• Prices were up 1.3% for the month nationally and +5.8% Y/Y

• March marked 59 consecutive months of annual national home price appreciation

• Among the nation's 20 largest states, 8 hit new peaks. Of the nation’s 40 largest metros, 15 hit new peaks

The year-over-year increase in this index has been about the same for the last year.

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