Black Knight Financial Services releases a Home Price Index (HPI) report every month. This month they looked at data from March 2017 residential real estate transactions. The Black Knight HPI claims to use data “from the nation’s largest public records data set as well as its market-leading loan-level mortgage performance data to produce one of the most complete and accurate measures of home prices available. ”
In their latest report, Bellingham has a 2.3% growth rate, Third in the US only behind San Jose with a 2.6% growth rate and Seattle with a 2.4% growth rate.
Washington State was ahead of all states in appreciation for the second consecutive month, home prices here are rising 2.2 percent from February.
Three metro areas have seen home prices increase by 5% or more since the beginning of the year: San Francisco (5.0 percent); Seattle (5.9 percent); and San Jose, Calif. (6.4 percent)