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.