Study: Red States Enjoy Higher Home Price Appreciation – NMP
Industry News

Study: Red States Enjoy Higher Home Price Appreciation

Jan 24, 2020
Photo credit: Getty Images/Moussa81

When it comes to home price appreciation, it appears that states carrying a red political hue enjoy a higher level of home price appreciation than those considered to be blue states.
 
According to study from Veros Real Estate Solutions, home prices in the nation’s largest 100 markets are projected to rise by 3.9 percent by the end of this year. However, Veros also detected a significant gap in prices between red states and blue states, with the red states projecting a 4.6 percent rise in prices by year’s end and blue states projecting only a 3.5 percent uptick.
 
Furthermore, Veros said 20 of the top 25 states with the greatest level of projected home price appreciation were red or red-leaning states, most notably Idaho (9.30 percent), Arizona (7.20 percent) and Utah (6.20 percent). Fifteen of the bottom 26 states, including the District of Columbia, were blue or blue-leaning states, most notably Illinois (0.70 percent), Connecticut (1.00 percent) and a tie between New York and Hawaii (each at 2.20 percent).
 
“For years, we saw states with high population centers like California and New York dominating home price escalation,” said Eric Fox, Veros vice president of Statistical and Economic Modeling. “We are now seeing states like Idaho and Arizona leading the way. Outmigration from the coasts to the interior of the nation is undeniable.”
When it comes to home price appreciation, it appears that states carrying a red political hue enjoy a higher level of home price appreciation than those considered to be blue states
 
About the author
Phil Hall
Link copied
Published
Jan 24, 2020
Get the NMP Daily
Analysis and Data
Redfin: Homebuyers Gain Leverage, But Pending Sales Keep Sliding

Pending sales fall 16.4% from a year ago despite lower home prices and mortgage payments, as sellers retreat from a weakening market

Home prices are falling. Mortgage payments are easing. Sellers are becoming more willing to negotiate. Yet the housing market keeps losing buyers.Pending home sales fell 16.4% year over year during the four weeks ending Nov. 1, reaching their lowest level in Redfin's weekly ...

Continue reading
Tech
New AI-Run Mortgage Startup Builds Database Of 224,000 LOs

LenDb.ai is making LO records available to AI assistants, offering a potential new way for borrowers to find originators

A new mortgage technology startup is betting that borrowers will increasingly turn to artificial intelligence to find a loan originator, and it wants to make sure AI knows whom to recommend.LenDb.ai, launched Thursday by venture studio Draper Goren Blockchain, has assembled ...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News
Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News
Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News
Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News
Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News
Oct 09, 2026
Newrez, eXp Realty Form Joint Venture To Target Purchase Business

Revenos Mortgage is set to launch in early 2027, replacing eXp's joint venture with Kind Lending

Industry News
Oct 08, 2026