According to new census data more than 86,000 people left California for Texas, nearly 70,000 left for Arizona and about 55,000 left for Washington state.
INTERO RELOCATION SERVICES
Let Intero Real Estate Services handle all of the details of finding your new home. I’ll be a part of your team that will help with your relocation and make your transition as easy as possible. I will work with you one-on-one to make sure you land in the right neighborhood, price range and house style for your family—whether you want to buy, sell or rent.
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You’ll be amazed by the world-class amenities the San Francisco Bay Area has to offer that include major league sports, museums, restaurants and art events. And coupled with a wide selection of properties and neighborhoods that I can help you choose from, my team and I can make the Bay Area a place you will love to call home!
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If you are considering making a change, I can help you learn about your options and help with the transition.
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U.S. house prices rose 1.1 percent in the fourth quarter of 2018 according to the Federal Housing Finance Agency (FHFA) House Price Index (HPI). House prices rose 5.7 percent from the fourth quarter of 2017 to the fourth quarter of 2018. FHFA’s seasonally adjusted monthly index for December was up 0.3 percent from November.
“House prices rose throughout 2018 but at a slower rate than in recent years,” said Dr. William Doerner, Supervisory Economist. “In the fourth quarter, house price appreciation hit one of the lowest levels in the past four years.”
FHFA House Price Index video shows how interest rate increases impact house price appreciation. Dr. Doerner explains in this video highlight of the fourth quarter.
- Home prices rose in all 50 states and the District of Columbia between the fourth quarters of 2017 and 2018. The top five areas in annual appreciation were: 1) Idaho 11.9 percent; 2) Nevada 11.2 percent; 3) Utah 9.8 percent; 4) Georgia 8.2 percent; and 5) Arizona 8.2 percent. The areas showing the smallest annual appreciation were: 1) North Dakota 0.0 percent; 2) Connecticut 0.9 percent; 3) West Virginia 1.6 percent; 4) Louisiana 1.8 percent; and 5) Oklahoma 2.0 percent.
- Home prices rose in 98 of the 100 largest metropolitan areas in the U.S. over the last four quarters. Annual price increases were greatest in San Francisco-San Mateo Redwood City, CA (MSAD), where prices increased by 17.0 percent. Prices were weakest in Urban Honolulu, HI, where they fell by 2.0 percent.
- Of the nine census divisions, the Mountain division experienced the strongest four quarter appreciation, posting an 8.1 percent gain between the fourth quarters of 2017 and 2018 and a 1.6 percent increase in the fourth quarter of 2018. Annual house price appreciation was weakest in the West South Central division, where prices rose by 4.3 percent between the fourth quarters of 2017 and 2018.
In terms home price appreciation, Silicon Valley is preforming at a strong rate. There are two metropolitan locations in California that took the highest home price appreciation, San Francisco – San Mateo – Redwood City (the Mid-Peninsula) and San Jose – Sunnyvale – Santa Clara (the South Bay).
FHFA 4Q report here.
If you’re making plans to move and relocate to another part of the country you will want to be knowledgeable about your housing price appreciation of your future home. Feel free to call me to discuss relocation possibilities, I can assist you locally and nationally.