As shown below, Case-Shiller home prices for the 10 and 20 city composites saw an annualized increase of over 9% in the three months ending in March. The broader national composite rose 3.7% over the same period.  The Pacific Northwest is by far the strongest region of the country, with prices rising 14.6% in Portland and 16.1% in Seattle over the last three months.  Charlotte (+3.76%), Phoenix (+3.92%) and NYC (+4.43%) were the weakest. Versus this time last year, Washington DC has been the softest market, up a paltry 1.4%, while Chicago prices have only risen 1.7%. Portland and Seattle are both up double-digits, while Denver (+9.89%) is also strong. Despite weakness across the Texas economy thanks to low oil prices, home prices in Dallas are up 8.5% over the last year, the fourth-strongest in the country.

053116 CS 4

Below is a heatmap of home price appreciation across the country:

053116 CS 1

Print Friendly, PDF & Email