Skip to main content

Health of Housing Markets Report Offers Glowing Diagnosis

Phil Hall
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."

 
Published
Jun 24, 2019
Fidelity National Financial Hit By Cyberattack

Industry-leading provider of title insurance and settlement services radio silent on reported breach.

Nov 28, 2023
Citizens Bank Bids Farewell To Wholesale Mortgage Channel

In a strategic pivot, the Providence-based banking giant will stop accepting new wholesale mortgage submissions.

Nov 16, 2023
Surprising Surge In Mortgage Customer Satisfaction, J.D. Power Study Reveals

Study found first-time homebuyers were harder to satisfy, customers don't just shop rates.

Nov 16, 2023
Women Continue To Defy Homebuying Challenges, Representing 22% Of The Market, Survey Finds

Young, educated, diverse, and increasingly savvy, women homebuyers navigate homeownership hurdles with determination.

Nov 15, 2023
Better.com Stays Bullish On Industry Disruption Amid Q3 Losses

Despite a $340 million Q3 loss, Better.com's leadership emphasizes cost reductions, automation, and investment in technology.

Nov 15, 2023
Fannie Mae Extends Rent Payment Pilot

Positive Rent Payment program offers financial stability and opportunities.

Nov 14, 2023