Clear Capital. one of the premium providers of data and solutions for real estate asset valuation and collateral risk assessment, recently released its Home Data Index™ (HDI) Market Report with data through July 2013. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home data and analysis earlier than nearly any other index provider in the industry.
July home price trends continued to be strong for the nation and four regions.
National home prices gained 9.3 percent over the last year and 1.6 percent over the last quarter. National home prices remain 33.4 percent below peak values, representing the New Normal.
Regional yearly gains were led by the West’s 17.8 percent , while the Northeast trailed with 4.8 percent growth. The Midwest and the South continued to closely track, with yearly gains of 7.5 percent and 7.6 percent, respectively.
The top 15 performing metro markets, exhibited impressive yearly gains, with average growth of more than 20.0 percent. 14 metros posted yearly gains above 15.0 percent.
Las Vegas yearly gains grew to 31.2 percent, the first metro to surpass 30.0 percent since the start of the recovery. Quarterly gains of 4.3 percent, the strongest of all the metros, signal this metro could retain its number one spot over the near-term.