The second quarter of 2022 saw some impressive home value appreciation again. Each of the metro areas in the top ten for home value gains sported year-over-year increases of not less than 31%.
September 9, 2022 - HSH.com releases today an updated Home Value Tracker, the firm's quarterly analysis of home values changes in the nation’s top 400 metropolitan housing markets. Developed by HSH, a premiere consumer destination for mortgage information and shopping since 1979, HVT reveals the 10 metropolitan areas with the fastest annual home price increases and the 10 with the smallest annual gains.
The recurring evaluation reviews home value changes in more than 400 of the most populous metropolitan areas. The content shows home value changes from the previous quarter, two quarters ago and over the last year as well as three- and five-year reference points. A home value lookup tool allows users to see their local market's changes over these fixed time points. Additionally, a custom-time-period lookup tool called Home Value Tracker-MyHVT allows users to see how values have changed in any of the 400 metros during any time period from 1995 to now, allowing them to see what's happened to the value of their home during the time they've owned it.
The MyHVT tool allows users to enter the purchase price of their home and the quarter in which they purchased it, and calculates changes in the home's value during this ownership period, producing a current price estimate based on home value trends in the selected metro area over the selected time period.
In the second quarter of 2022, seven of the metro areas with the fastest year-over-year increases in value were located in Florida, with gains ranging as high as 36%. Conversely, ten markets with the most modest annual increases were scattered more broadly but three states places two metros in the group with the lowest annual appreciation. That said, the smallest annual increase in any of the 400 metro areas for the second quarter of 2022 was nearly 6%, with this smaller-but-healthy gain seen in the Odessa, TX metro area.
| Value changes from a sampling of major metro areas | Percent value increase since 2Q21 |
| Springfield, MA | 16.86% |
| Sioux Falls, SD | 20.76% |
| Santa Cruz-Watsonville, CA | 16.17% |
| Gulfport-Biloxi, MS | 21.38% |
| Philadelphia, PA | 12.71% |
See the full set of more than 400 metro areas here: https://www.hsh.com/home-value-tracker.html
HSH.com’s Home Value Tracker uses the Federal Housing Finance Agency's (FHFA) Home Price Index for insight on changes to housing market values. HVT is based on an "all transactions" index involving conforming, conventional mortgages purchased or securitized by Fannie Mae or Freddie Mac and includes both purchase and refinance transactions. The data does not include property transactions backed by FHA, VA, USDA or private-market non-conforming (i.e. jumbo) mortgages.
About HSH.com
Since 1979, HSH.com has been a trusted mortgage resource for consumers seeking independent, objective and expert-level mortgage information, forecasts and data. HSH.com offers unique analysis, calculators, tools and content to help demystify first mortgages, home equity loans and lines of credit, reverse mortgages and more. HSH.com empowers homebuyers and homeowners to fully understand their home financing choices and provide opportunities for them to engage with partners to execute their transactions.
Website: https://www.hsh.com
Twitter: @HSHassociates
Facebook: https://www.facebook.com/HSHassociates/