Black Knight Says Annual Home Price Growth Hits All-Time High in February

Black Knight’s Mortgage Monitor Report for February, 2022 says home prices increased 1.84% in February – which is nearly four times the 25-year average for the month – and the 14th month of the pandemic to see greater than 1% monthly growth. In addition, t average home has now increased in value by more than 34% since February, 2020.

“Home prices grew by 1.84% in February – nearly four times the 25-year average for the month – and they did so while interest rates continued to climb throughout the month…The month’s 19.6% year-over-year growth marked the highest annual rate of appreciation on record, with the average home having now increased in value by more than 34% since February 2020, just prior to the pandemic.” Said Ben Graboske, Black Knight’s Data & Analytics President.