Home Prices Rising, But 21 Metros Still Show Value Gaps from Boom-Era Prices
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Source: PR Newswire
FOSTER CITY, Calif., March 12, 2020 /PRNewswire/ -- HSH.com releases today its latest "Home Price Recovery Index," (HPRI), a quarterly analysis of changing home values in the nation's top 100 metropolitan housing markets. Developed by HSH, a premiere consumer destination for mortgage information and rate shopping since 1979, HPRI reveals markets with home prices at or above previous "boom era" peaks and those that have not yet completely recovered lost value. The latest study examines home values in the largest 100 metropolitan areas from 1991 through the fourth quarter of 2019. Although home prices are rising broadly, increases in value remain uneven. As such, value gaps in many areas continue to narrow but no new markets joined the ranks of the recovered in the latest quarter, and some markets seem unlikely to reach recovery in the current economic and housing cycle. However, there is a group of markets that stand a good chance to move into the black in the next quarter or two. HSH
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