Story by MReport
According to the latest Home Data Index Market Report from Clear Capital, home price appreciation cooled markedly in August as it’s proprietary Clear Capital Home Data Index for the second quarter of 2022 rose 7.4% over the previous quarter; on a yearly basis, this number is up 16.7%. This compares to a 11 % and 20%, respectively, in July.
Of the four major geographic regions, all four reported home price appreciation, with Florida remaining the hottest market among the major metros.
The Northeast geographic region reported the fastest quarterly growth at a rate of 11.6% and also the fastest annual growth at 20.2%. According to Brent Nyitray of the Daily Tearsheet, the Northeast has been a national laggard since…