The biggest story in U.S. home prices right now is how the San Francisco market is cooling off after being white hot for years.
A lot of these cities are hitting their high season. It’ll be fun to see what happens.
Case-Shiller – April 2015 to April 2016
Case-Shiller covers 20 U.S. cities.
- Portland = +12.3%
- Seattle = +10.7%
- Denver = +9.5%
- Portland is even hotter this month. It’s kind of scary hot.
- San Francisco continues to cool. It’s now tied with Tampa for 5th place.
- If you own a home in San Francisco and were on the fence about selling, I’d say SELL!
- Washington DC = +1.9%
- New York = +2.6%
- Cleveland = +2.9%
- Chicago drops out of the bottom 3 cities for appreciation. That’s good for Chicago.
- Washington D.C. solidified its place as the slowest appreciating cities in the last year.
- I still don’t know why Washington D.C. is doing so badly. Is it uncertainty caused by the election?
Data Table – All 20 Case-Shiller Cities
Zillow – Percentage of Homes Increasing in Value
EXCLUSIVE: You won’t see these graphs anywhere else online. They’re not even on Zillow.com, even though I get the raw data from Zillow.
“Percent of Homes Increasing in Value” is another way to look at how strong prices are in a city. Theoretically, it can help us peek around corners a bit.
- Charlotte is continuing to show strong upward momentum.
- Portland and Seattle are leveling off but they’re so hot, they had to slow down.
- Tampa and Phoenix also show strong upward momentum.
- San Francisco and Denver are hot but with declining momentum.
- Denver has topped out but hasn’t really declined much.
- Cleveland is neutral and losing some momentum.