Up for the quarter, down for the year? See what's happening with home affordability in our latest "Income you need to buy a home in the top 50 metro areas".

Up for the quarter, down for the year? See what's happening with home affordability in our latest "Income you need to buy a home in the top 50 metro areas".

Home Value Tracker - Home Value Changes by Metro - 3rd Quarter 2022

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The third quarter of 2022 saw some impressive annual home value appreciation again. Each of the ten metro areas with the greatest increases in home values sported year-over-year gains of not less than nearly 27%.

December 12, 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. In addition, HSH offers a lookup tool for value changes in over 400 metropolitan areas.

HSH's recurring evaluation reviews home value changes in more than 400 of the most populous metropolitan areas, and displays home value changes for each from compared to the previous quarter and two quarters as well as over the last one-, three- and five-year periods. A home value lookup tool allows users to see their local market's changes over these fixed time points; in addition, 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 homeowners to enter the purchase price of their home and the quarter in which they purchased it, then 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 third quarter of 2022, all ten of the metro areas with the fastest year-over-year increases in value were located in Florida, with gains ranging as high as 31%, but not less than nearly 27%. Conversely, ten markets with the most modest annual increases were widely scattered, with only Pennsylvania placing more than one metro in the group. The most meager annual increase in home values through the third quarter of 2022 was seen in the Elmira, NY metro area, although it was a still-healthy 3.01%.

Value changes from a sampling of major metro areas Percent value increase since 3Q21
Medford, OR 8.76%
Minneapolis-St. Paul-Bloomington, MN 9.64%
Wilmington, DE 12.45%
Des Moines-West Des Moines, IA 13.70%
Phoenix-Mesa-Chandler, AZ 22.22%

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
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