Most U.S. housing markets are healthy with little chance of a downturn in the near term, according to the latest quarterly housing market barometer released today by Nationwide, a leading insurance and financial services organization. The forward-looking Health of Housing Markets Report (The HoHM Report) evaluates the housing health for the U.S. and 400 metropolitan areas.
Regionally, the housing markets in the vast majority of metro areas across the country are healthy. This suggests that most local housing markets should see sustainable expansion in the near term.
The Top 10 metropolitan areas in the index are, in order: Kankakee, Ill.; Harrisburg-Carlisle, Pa.; Dayton, Ohio; Yakima, Wash.; Lansing-East Lansing, Mich.; Buffalo-Niagara Falls, N.Y.; Lancaster, Pa.; Niles-Benton Harbor, Mich.; Battle Creek, Mich.; Muskegon, Mich.
The Bottom 10 metro areas, in order, are: Casper, Wyo.; Sherman-Denison, Texas; New Orleans-Metairie, La.; Houma-Thibodaux, La.; Lafayette, La.; Hammond, La.; San Angelo, Texas; Dallas-Plano-Irving, Texas; Charleston, W. Va.; Beckley, W. Va.
More information about the HoHM Report, including the methodology used, can be found at www.blog.nationwide.com/housing. The HoHM Report will be released on a quarterly basis online and in print.
This material is provided by Nationwide Economics and is general in nature. It is not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy. Additionally, it does not take into account the specific investment objectives, tax and financial condition or particular needs of any specific person. We encourage you to seek the advice of an investment professional who can tailor a financial plan to meet your specific needs. The economic and market forecasts in this report reflect our opinion as of the date of this presentation/review and are subject to change without notice. These forecasts show a broad range of possible outcomes. Because they are subject to high levels of uncertainty, they may not reflect actual performance. Case studies and examples are for illustrative purposes only. We obtained certain information from sources deemed reliable, but we do not guarantee its accuracy, completeness or fairness.