Skip to main content

Health of Housing Markets Report Offers Glowing Diagnosis

Jun 24, 2019
Photo credit: Getty Images/Anastasiia Boriagina

The state of housing is excellent, according to the latest Health of Housing Markets Report from Nationwide Economics. Indeed, the report’s proprietary Leading Index of Healthy Housing Markets (LIHHM) is at its highest point in three years.
 
Through the first quarter of 2019, more than half (221) of the LIHHM regional performance rankings were positive and 27 were negative. The 10 metro areas with the most positive LIHHM forecasts are, in order: Sumter, S.C.; Sebastian-Vero Beach, Fla.; Charleston, W.V.; Hinesville, Ga.; Abilene, Texas; Vineland-Bridgeton, N.J.; Port St. Lucie, Fla.; Montgomery County, Pa.; Springfield, Mass.; and, Pittsfield, Mass. The 10 MSAs with the least positive LIHHM outlooks are: Kennewick-Richland, Wash.; Pueblo, Colo.; Yakima, Wash.; San Jose, Calif.; Chico, Calif.; Manhattan, Kan.; Ames, Iowa; Ogden-Clearfield, Utah; San Rafael, Calif.; and, Odessa, Texas.
 
"Economic figures from early in the year were probably negatively affected by the government shutdown as well as the impacts of higher interest rates over the second half of last year," said David Berson, Nationwide’s Senior Vice President and Chief Economist. "Despite that, we believe that the housing market is poised for another solid year as slower house price growth and lower mortgage rates help affordability, while job gains and faster income growth sustain demand."

 
About the author
Published
Jun 24, 2019
Bank On Borrowers, Not Rate Predictions

Chasing rate forecasts wastes resources better spent on cold, hard business

Dec 10, 2024
Rocket Mortgage Sues HUD Over Regulatory, Enforcement Discrepancies

Rocket seeks dismissal of the DOJ's October lawsuit alleging the lender committed racial appraisal bias.

Dec 05, 2024
West Capital Lending Acquires Locally-Focused Brokerage, Red Tree Mortgage

The 2024 Broker Brawl reaffirmed West Capital's commitment as a relationship-focused lender

Dec 03, 2024
First FICO 10T-Backed MBS Issuance Achieved

Comprised of VA loans, the pool offers proof of concept for changes to be required by the FHFA by late 2025.

Dec 03, 2024
BAC Co-Founder Reveals Mega Brokers May Undergo CFPB Audits

Brendan McKay of BAC revealed the main takeaways in a LinkedIn post

Dec 02, 2024
AnnieMac Data Breach Impacts 171,000 Customers

Letters detailing the Aug. 23 breach were mailed to thousands of affected customers across multiple states last week.

Nov 18, 2024