Black Knight: Prov. metro has 4.4% home price gain in November

THE PROVIDENCE metropolitan area ranked 25th among the 40 largest metros for its home price growth of 4.4 percent year over year in November, according to Black Knight Financial Services. / COURTESY BLACK KNIGHT FINANCIAL SERVICES
THE PROVIDENCE metropolitan area ranked 25th among the 40 largest metros for its home price growth of 4.4 percent year over year in November, according to Black Knight Financial Services. / COURTESY BLACK KNIGHT FINANCIAL SERVICES

PROVIDENCE – The Providence metropolitan area ranked 25th among the 40 largest metro areas in the nation for its year-over-year home price growth of 4.4 percent in November, Black Knight Financial Services said Monday.
Home prices in the Providence metro averaged $256,000, which improved from $245,000 in November 2014. Prices were flat compared with October, and nearly 18 percent below the peak reached in June 2006 of $310,000.
San Jose, Calif., had the largest year-over-year price increase among metros at 12.1 percent, to $855,000 from $763,000, while St. Louis registered the only decline at 5.2 percent, to $165,000 from $174,000.
Black Knight said that at $253,000, U.S. home prices have gained 5.5 percent from a year ago, which places the Providence metro slightly above the national average. The national number is 5.3 percent off from its June 2006 peak of $268,000, Black Knight said.
In other news, Rhode Island missed being included in the top five states for mortgages delinquent by 90 days or more in December for the first time at least since July 2014, according to Black Knight. Instead, Mississippi, Louisiana, Alabama, Maine and Arkansas were in the top five.

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