Phoenix Remains Nation’s Hottest Market | Clear Capital in the News
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Phoenix Remains Nation’s Hottest Market | Clear Capital in the News

By February 9, 2022 No Comments
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Story by MReport

The January 2022 Home Data Index Market Report (HDI) has been released by Clear Capital—a Nevada-based property valuation management and data solutions company—which shows that the average American home increased in value by 3.4% over the previous quarter.

According to the report, home prices are now up 19.5% year-over-year on average.

This is a slight slowdown in pace from the 3.9% appreciation seen in December when home price appreciation stood at 19.9% annually.

The largest growth was seen in the South, where prices are up 4.6% (down from 6%) on average quarter-over-quarter. Also this quarter properties in the West appreciated by 3.2% (down from 5.8%); the Midwest appreciated by 1.9% (down from 4.8%); and the Northeast grew by 2.9% (down from 3.9%).

The highest performing major metropolitan area tracked by the report was Raleigh, North Carolina, where the average home price went up by 6.7% since last quarter and now stands at a 32.7% increase year-over-year. The Miami, Florida metropolitan area saw similar growth as homes values also went up 6.7% for a 23.5% increase since last year. Coming in third, Tampa, Florida, saw quarterly growth increase by 6.4% or 31.7% over last year.

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