Talking Points …
- The September Home Data Index released this week by Clear Capital reports that San Francisco and Detroit led the housing market rebound. The Bay Area city led metro price performance in September, with 4.4 percent quarterly growth and 28.3 percent yearly growth. Detroit home prices saw 4.3 percent and 23.3 percent in quarterly and yearly growth, respectively.
- Thanks to summer buying activity, the Clear Capital report indicates national home price gains in September picked up to 10.9 percent year-over-year. All regions saw small up-ticks in yearly price gains, with relative positions still in place.
- Dr. Alex Villacorta, vice president of research and analytics at Clear Capital, commented, “Now as the recovery matures, we see home buyers re-engaging in markets that haven’t fit the typical investor profile.”