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By Kerry Smith<\/div><\/div>\n

U.S. home prices rose 18.5% year-to-year in 3Q, but the increases in eight Fla. metros ranged from 20.5% in Central Florida to 34.7% in Cape Coral-Fort Myers.<\/span><\/span><\/p>\n<\/div>\n

WASHINGTON \u2013 U.S. house prices rose 18.5% year-to-year \u2013 from the third quarter of 2020 to the third quarter (3Q) of 2021 \u2013 according to the Federal Housing Finance Agency House Price Index (FHFA HPI).<\/span><\/span><\/p>\n

However, Florida price increases rose even higher. Of eight state metro areas included in FHFA\u2019s analysis, the lowest year-to-year price gain, 20.5% in Orlando-Kissimmee-Sanford, ranked 28th out of 100 national metros. And the highest Florida price gain (Cape Coral-Fort Myers at 34.7%) ranked second-highest nationwide. Only Boise City, Idaho, ranked higher with a year-to-year price rise of 37.3%.<\/span><\/span><\/p>\n

However, FHFA also compared third-quarter home prices to the second quarter of 2021, and two U.S. metros saw prices surge over 9% in just three months \u2013 No. 1 Cape Coral-Fort Myers at 9.8%, and No. 2 Jacksonville at 9.1%. <\/span><\/span><\/p>\n

\u201cHouse price appreciation reached its highest historical level in the quarterly series,\u201d says William Doerner, Ph.D., supervisory economist in FHFA\u2019s Division of Research and Statistics. \u201cCompared to a year ago, annual gains have increased in every state and metro area. Real estate prices have risen exceptionally fast, but market momentum peaked in July as month-over-month gains have moderated.\u201d<\/span><\/span><\/p>\n

Florida metros ranked in FHFA\u2019s 3Q top 100 price study<\/span><\/span><\/h3>\n
2. Cape Coral-Fort Myers<\/strong>: 34.7% year-to-year, 9.8% quarter-to-quarter<\/span><\/span><\/p>\n
8. North Port-Sarasota-Bradenton<\/strong>: 25.6% year-to-year, 6.6% quarter-to-quarter<\/span><\/span><\/p>\n
9. West Palm Beach-Boca Raton-Boynton Beach<\/strong>: 25.5% year-to-year, 5.7% quarter-to-quarter<\/span><\/span><\/p>\n
10. Tampa-St. Petersburg-Clearwater<\/strong>: 25.2% year-to-year, 6.5% quarter-to-quarter <\/span><\/span><\/p>\n
15. Jacksonville<\/strong>: 23.3% year-to-year, 9.1% quarter-to-quarter<\/span><\/span><\/p>\n
17. Fort Lauderdale-Pompano Beach-Sunrise<\/strong>: 22.4% year-to-year, 6.5% quarter-to-quarter<\/span><\/span><\/p>\n
24. Miami-Miami Beach-Kendall<\/strong>: 21.2% year-to-year, 5.4% quarter-to-quarter<\/span><\/span><\/p>\n
28. Orlando-Kissimmee-Sanford<\/strong>: 20.5% year-to-year, 6.3% quarter-to-quarter<\/span><\/span><\/p>\n
FHFA calculates housing prices using seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac.<\/span><\/span><\/p>\n
FHFA\u2019s 3Q \u2018significant findings\u2019<\/span><\/span><\/h3>\n
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House prices rose in all 50 states and the District of Columbia between the third quarters of 2020 and 2021. The five states with the highest annual appreciation: 1) Idaho 35.8%; 2) Utah 30.3%; 3) Arizona 27.7%; 4) Montana 26.0%; and 5) Florida<\/strong> 24.8%. The areas showing the lowest annual appreciation: 1) District of Columbia 8.0%; 2) North Dakota 10.5%; 3) Louisiana 10.9%; 4) Maryland 12.5%; and 5) Iowa 13.0%. <\/span><\/span><\/li>\n<\/ul>\n
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House prices rose in all of the top 100 largest metropolitan areas over the last four quarters. Annual price increases were weakest in Philadelphia, Pennsylvania, where they increased by 9.9%. <\/span><\/span><\/li>\n<\/ul>\n
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Of the nine census divisions, the Mountain division recorded the strongest four-quarter appreciation, posting a 25.0% gain between the third quarters of 2020 and 2021 and a 5.8% increase in the third quarter of 2021. Annual house price appreciation was weakest in the West North Central division, where prices rose by 14.8% between the third quarters of 2020 and 2021. <\/span><\/span><\/li>\n<\/ul>\n
\u00a9 2021 Florida Realtors\u00ae<\/span><\/span><\/p>\n<\/div><\/div>\n
Go to Source<\/a>
\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"
By Kerry Smith U.S. home prices rose 18.5% year-to-year in 3Q, but the increases in eight Fla. metros ranged from 20.5% in Central Florida to 34.7% in Cape Coral-Fort Myers. WASHINGTON \u2013 U.S. house prices rose 18.5% year-to-year \u2013 from the third quarter of 2020 to the third quarter (3Q) of 2021 \u2013 according to the Federal Housing Finance Agency House Price Index (FHFA HPI). However, Florida price increases rose even higher. Of eight state metro areas included in FHFA\u2019s analysis, the lowest year-to-year price gain, 20.5% in Orlando-Kissimmee-Sanford, ranked 28th out of 100 national metros. And the highest Florida price gain (Cape Coral-Fort Myers at 34.7%) ranked second-highest nationwide. Only Boise City, Idaho, ranked higher with a year-to-year price rise of 37.3%. However, FHFA also compared third-quarter home prices to the second quarter of 2021, and two U.S. metros saw prices surge over 9% in just three months \u2013 No. 1 Cape Coral-Fort Myers at 9.8%, and No. 2 Jacksonville at 9.1%. \u201cHouse price appreciation reached its highest historical level in the quarterly series,\u201d says William Doerner, Ph.D., supervisory economist in FHFA\u2019s Division of Research and Statistics. \u201cCompared to a year ago, annual gains have increased in every state and metro area. Real estate prices have risen exceptionally fast, but market momentum peaked in July as month-over-month gains have moderated.\u201d Florida metros ranked in FHFA\u2019s 3Q top 100 price study 2. Cape Coral-Fort Myers: 34.7% year-to-year, 9.8% quarter-to-quarter 8. North Port-Sarasota-Bradenton: 25.6% year-to-year, 6.6% quarter-to-quarter 9. West Palm Beach-Boca Raton-Boynton Beach: 25.5% year-to-year, 5.7% quarter-to-quarter 10. Tampa-St. Petersburg-Clearwater: 25.2% year-to-year, 6.5% quarter-to-quarter 15. Jacksonville: 23.3% year-to-year, 9.1% quarter-to-quarter 17. Fort Lauderdale-Pompano Beach-Sunrise: 22.4% year-to-year, 6.5% quarter-to-quarter 24. Miami-Miami Beach-Kendall: 21.2% year-to-year, 5.4% quarter-to-quarter 28. Orlando-Kissimmee-Sanford: 20.5% year-to-year, 6.3% quarter-to-quarter FHFA calculates housing prices using seasonally adjusted, purchase-only data from Fannie Mae and Freddie Mac. FHFA\u2019s 3Q \u2018significant findings\u2019 House prices rose in all 50 states and the District of Columbia between the third quarters of 2020 and 2021. The five states with the highest annual appreciation: 1) Idaho 35.8%; 2) Utah 30.3%; 3) Arizona 27.7%; 4) Montana 26.0%; and 5) Florida 24.8%. The areas showing the lowest annual appreciation: 1) District of Columbia 8.0%; 2) North Dakota 10.5%; 3) Louisiana 10.9%; 4) Maryland 12.5%; and 5) Iowa 13.0%. House prices rose in all of the top 100 largest metropolitan areas over the last four quarters. Annual price increases were weakest in Philadelphia, Pennsylvania, where they increased by 9.9%. Of the nine census divisions, the Mountain division recorded the strongest four-quarter appreciation, posting a 25.0% gain between the third quarters of 2020 and 2021 and a 5.8% increase in the third quarter of 2021. Annual house price appreciation was weakest in the West North Central division, where prices rose by 14.8% between the third quarters of 2020 and 2021. \u00a9 2021 Florida Realtors\u00ae Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":5783,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5894"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5894"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5783"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}