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Glass three-quarters full as 75% of major metro areas achieve full home price recovery

Post Time:Sep 12,2019Classify:Industry NewsView:1070

Foster City, CA, Sept. 10, 2019 (GLOBE NEWSWIRE) -- HSH.com, a trusted online resource for mortgage data, content and expertise, has released its latest quarterly “Home Price Recovery Index”. The analysis looks at the nation’s top 100 metropolitan housing markets, including those with home prices at previous “boom era” peaks and those that have not yet completely recovered.

The study examines home values in the top 100 metropolitan areas from 1991 through the second quarter of 2019. Slower home price gains in many markets saw only the Orlando-Kissimmee-Sanford, FL join the ranks of the fully recovered in the latest quarter. Despite years of economic expansion and improving real estate markets, a quarter of the nation’s most populated metro areas have still not seen values attain previous highs. Even if gains in value accelerate, some markets seem unlikely to reach recovery in the current economic and housing cycle.

HSH.com’s "Home Price Recovery Index" uses the Federal Housing Finance Agency's (FHFA) Home Price Index for insight on housing markets values since the last decade. Findings showed that of the nation’s gains in home values cooled in the last quarter, with 21 of the 100 largest metro areas seeing quarter-to-quarter declines. Three markets -- Frederick-Gaithersburg-Rockville, MD, Oxnard-Thousand Oaks-Ventura, CA and Seattle-Bellevue-Kent, WA notched small declines in value compared to the same quarter last year.

Source: https://finance.yahoo.com/Author: shangyi

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