The MSA Making the Biggest Comeback

first_img Share in Daily Dose, Data, Featured, Headlines, News appreciation growth clearcapital Home Prices HOUSING mortgage MSA 2017-11-17 Nicole Casperson The MSA Making the Biggest Comebackcenter_img November 17, 2017 665 Views Housing continues a strong home price appreciate growth, with one metropolitan statistical area (MSA) in particular boasting the most notable rebound figures, according to recent data.Clear Capital released its November Home Data Index (HDI), reporting the South continued to show quarter-over-quarter growth (QOQ), with the most significant home price appreciation in Memphis, Tennessee.Memphis holds the top spot for the largest increase in QOQ growth according to the data—while also ranking in the top 15 highest performing metros in the nation. The MSA experienced increases from 0.62 percent in October to 2.83 percent in November, as well as year-over-year growth at 1.93 percent.The report notes that home price appreciation in Memphis may be attributed to the Tennessee Housing Development Agency’s (THDA)—with statewide home loan efforts totaling $300 million.According to Clear Capital CEO and Co-Founder Duane Andrews, Memphis’ momentous growth demonstrates how a housing finance agency can work to help residents become homeowners.“But more importantly, how those efforts can build a stronger community that benefits from increased home value in the process,” Andrews said.As for other MSAs in the South, many experienced a decrease in QOQ growth from October.  Tampa, Florida decreased to 0.26 percent from 1.73 percent, Jacksonville, Florida decreasing to 0.49 percent from 1.59 percent and Orlando, Florida dropping to 0.46 percent from 1.30 percent. Dallas, Texas also fell to 0.65 percent from 1.37 percent in October.Regionally, the West still sets the pace for housing growth, with QOQ price growth at 1.3 percent.Other regions in the report hold close QOQ growth percentages, with the Southern region at 0.8 percent, the Midwest at 0.6 percent, and the Northeast at 0.7 percent.The Clear Capital HDI reports are released monthly and feature the top 15 appreciating and depreciating MSAs based on QOQ and YOY data. Additionally, the reports release national performance based on four regions: West, Midwest, South, and Northeast.To view the full report, click here.last_img

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