Clear Capital, a provider of data and solutions for residential and commercial real estate asset valuation and collateral risk assessment for large financial services companies based in Reno, showed a decline in quarter-over-quarter home price growth for the Northeast region of the U.S. according to its monthly Home Data Index report.
Although national HDI report data shows quarter-over-quarter home price growth holding steady at 0.8 percent, the Northeast is experiencing a quarter-over-quarter decline in home appreciation and is down 0.3 percent from the high of 0.9 percent in April.
"Our data and analytics are showing quite the contrast from coast to coast in the nation. The West continues to accelerate, holding 8 of the 15 fastest growing metros, while the Northeast continues to show a decline in home appreciation in the region," commented Clear Capital CEO and co-founder Duane Andrews.
Despite low regional performance, Providence, Rhode Island and New York managed to secure positions in the top 15 highest performing major markets with 1.7 percent and 1.2 percent quarter-over-quarter growth.
To access a copy of the full reports, go to: https://www.clearcapital.com/northeast-faces-home-growth-headwinds/.
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