There are many home price measurements and not all agree at any single moment in time, but one consistent trend in recent months is that more and more markets are showing recovery. Whether it is NAR median price, Case-Shiller price index, LPS price index, Core Logic, or Dataquick, home price trends are clearly moving in a better direction. In some cases there has been a quite a robust rebound. The latest home price information is from the Federal Housing Finance Agency and it showed that home prices in Hawaii have zoomed up by 10 percent in the first quarter from a comparable period one year ago.
By ranking the top ten states with price gains were (based on home purchases only and not refinances):
The big gain in Hawaii is a bit mysterious because the Honolulu market is not experiencing such outsized gains. North Dakota lost the top position, which it had for some time, but is still moving ahead at a decent good pace.
As to the metro markets, cheers go to Joplin, Mo for hard work in rebuilding the city after the tornadoes and in getting the best price appreciation. Cape Coral-Ft. Myers was a close second. Bend (OR), Bismark (ND) and Ames (IA) rounded out the top five metro list.
It is a long report, and you most likely will not want to print out all pages. State data is on page 20. Metro data is on page 36. The full report can be found here.
This post was last modified on %s = human-readable time difference 3:31 am
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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