(DigitalJournal.com) – As housing price performance in the West begins to falter, a year of impressive gains in the South signal a new dynamic for the national spread in regional growth.
Regionally, the South and Midwest have each experienced a quarterly price growth increase of 0.1% since last month, bringing quarter-over-quarter growth rates to 0.9% and 1.0% respectively. While the West is still outpacing the rest of the nation at 1.1% QoQ growth, this is actually a decrease from last month’s figures, signaling a potential loss in momentum for the region. These three regions are now all within a 0.1% quarterly growth margin of each other — a first since Q4 2011, which coincidentally was the last time the West was not leading regional quarterly growth. Outside of these regions, quarterly growth in the Northeast remains steady at 0.3%, no change from last month.
