us home price forecast reveals no sign of slowing in 2022
TRANSCRIPT
10
LEAST-PERFORMING
The 10
7.0%OVERALL The
Metro Market TREND
Forecast data is as of September 2021. Markets demonstrated are for residential real estate in major areas (typically greater than 300,000residents and could include areas in which population is relatively low such as 100,000 residents) among single-family homes in the medianprice tier. Map not to scale. Contact Veros for additional information.
VeroFORECAST is a registered service mark of Veros Software. All rights reserved.
The
Metro Markets
COEUR D'ALENE, ID ...................................................... +16.2% BOISE CITY, ID................................................................... +15.8% IDAHO FALLS, ID ............................................................. +14.6% POCATELLO, ID ................................................................ +14.5% PHOENIX-MESA-CHANDLER, AZ ......................... +14.0%
1.2.3.4.5.
6. SALT LAKE CITY, UT ...................................................... +14.0%7. PROVO-OREM, UT ......................................................... +13.9%8. OGDEN-CLEARFIELD, UT........................................... +13.8%9. SPARTANBURG, SC ...................................................... +13.6%10. SAN DIEGO-CHULA VISTA-CARLSBAD, CA .. +13.1%
I L
0.8% to 3.7%
Idaho cities to cement the state's lock on the top 10 fastest-growing markets in 2022.
N D
Q 3 2 0 2 1 - Q 3 2 0 2 2 U . S . H O U S I N G O U T L O O K
M A R K E T SC O V E R E D
The VeroFORECAST's data-drivenapproach indicates that many of thetop-performing cities are trendingupwards at a double-digit rate
LIKE THE LAST TWO QUARTERS,THE HOME PRICE GROWTH EXPECTED TO CONTINUE THE7% OVERALL AVERAGEAPPRECIATION FORECASTED
"Market fundamentals such as decliningunemployment and low interest rates continueto keep house prices trending upward."
ODESSA, TX ....................................................+ 0.8% MIDLAND, TX ................................................ +1.5% LAKE CHARLES, LA .................................. +2.0% HOUMA-THIBODAUX, LA ...................... +2.6% DECATUR, IL .................................................. +2.8%
1.2.3.4.5.
6. LAFAYETTE, LA .......................................... +3.1%7. GRAND FORKS, ND-MN ....................... +3.4%8. SHREVEPORT-BOSSIER CITY, LA ... +3.5%9. SPRINGFIELD, IL ....................................... +3.6%10. BISMARCK, ND ........................................ +3.7%
Of the 100 most-populated markets, Texas oil country – Odessa andMidland – will continue to see the slowest growth. All of these markets areforecast to still appreciate slightly – less than 1% to well in the 3% range
"Veros continues to accurately predict robustappreciation throughout the overall housing market,which will remain solid and steady well into 2022."
328C O U N T I E SC O V E R E D
1004Z I P C O D E SC O V E R E D
16,840P O P U L A T I O N
C O V E R E D
82%
Strongest-Performing
Metro Markets
T X
H o m e P r i c e A p p r e c i a t i o nO v e r t h e N e x t 1 2 M o n t h s i n1 0 0 M o s t P o p u l a t e d M e t r o s
13.1 % to 16.2% V e r o F O R E C A S T P r o j e c t i o n o f H o m e P r i c e
A p p r e c i a t i o n O v e r t h e N e x t 1 2 M o n t h s
V e r o F O R E C A S T P r o j e c t i o n o f H o m e P r i c eA p p r e c i a t i o n O v e r t h e N e x t 1 2 M o n t h s
www.veros.com / 866.458.3767
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- E R I C F O X V e r o s R e a l E s t a t e S o l u t i o n s C h i e f E c o n o m i s t .
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U.S. HOME PRICE PREDICTION
No Sign ofSlowing in 2022
No Sign ofSlowing in 2022