Home Prices Rose 5.5% in December: Black Knight

Home prices rose 5.5% in December 2015 compared to the previous year, according to Black Knight Financial Services.

The Black Knight home price index, based on repeat sales data taken from public records and from Black Knight's mortgage performance data, climbed to $253,000 in December, it announced Monday.

Prices in Florida and New York rose 0.8%, the fastest growth rate among all states. Washington, South Dakota, Arizona, North Dakota and Wyoming followed at 0.4%, followed by Kansas, Alabama and Kentucky at 0.3%.

Connecticut saw home prices fall by 0.7%, the fastest rate of decline. Michigan was second with a decline of 0.6%, followed by Louisiana, Wisconsin and Virginia at 0.4%.

Prices in metro New York rose 5.1% from a year ago. The second-largest U.S. metro area, Los Angeles, saw prices rise 7.4%. Chicago home prices rose 3.9%. Dallas prices rose 9.5% and Houston home prices were up 5.8%.