(MortgageOrb.com) – Home price appreciation growth has accelerated quarter-over-quarter and year-over-year in the southern region of the U.S., according to Clear Capital’s Home Data Index (HDI) Market Report.
Further, the report specifies that three out of four major southern metropolitan statistical areas (MSAs) – Dallas, Texas; Memphis, Tenn.; and Tampa, Florida – are among the fastest growing.
Current HDI aggregated data through July identified an upward trajectory in home price trends across the three metro areas, with Dallas doubling quarter-over-quarter from 0.9% to 1.8%. In the Sunshine State, Tampa home prices grew 1.9%, up from 1% the previous month, and Memphis grew from 1.5% to 1.9% quarter-over-quarter.
