Housing market vitality softening.
Thirty-five metro markets forecasted to deteriorate.
Twelve states forecasted to outperform national market.
The US Housing Market Vitality Indicator (HMVI-US) closed Q3 2019 at 105.9 suggesting economic conditions support 5.9% annual house price gains. The 0.15 point year-over-year decrease wiped out all improvements since last spring. At the state level, twelve state housing markets are stronger than the overall US housing market. At the metro level, Q3 2019 ended with house price changes in 114 metro markets forecasted to outperform the national market. On a cautionary note, in thirty-five metro markets house prices are forecasted to decline.Read More