Category: Report

Recent house price trends to continue. Economic conditions support 6% increase in house prices.

The US Housing Market Vitality Indicator (HMVI-US) closed May 2019 at 106.2. The insignificant 0.03 point year-over-year decrease and 0.08 point increase in the three-month moving average indicate prevailing house price trends will continue in the short term. Market strength was widespread with local economic conditions exerting a positive impact on 386 out of the 402 metro housing markets (96%) tracked by HousingIQ. May 2019 ended with house price changes in 168 metro markets (42%) forecasted to outperform the national market.

The US Housing Market Vitality Indicator (HMVI-US) closed April 2019 at 106.2. The insignificant 0.07 point year-over-year increase and 0.1 point increase in the three-month moving average suggest current economic conditions will continue to support prevailing house price trends. Market strength was widespread with local economic conditions having a positive impact on 387 out of the 402 metro markets (96%) tracked by HousingIQ. April 2019 ended with 167 metro markets (42%) forecasted to outperform the national market.

The US Housing Market Vitality Indicator averaged 106.3 during the quarter – a negligible 0.1% drop from a year ago.   Values greater than 100 correspond to underlying economic factors exerting a positive impact on future house prices.  Market strength was widespread with 391 out of the 402 metro markets (97.3%) tracked by HousingIQ being positively impacted by economic factors.  Q1 2019 ends with 164 metro markets (40.8%) forecasted to outperform the national market.