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     139  0 Kommentare U.S. Home Price Gains Slow in May, Radian Home Price Index Reveals - Seite 2

    REGIONAL DATA AND TRENDS

    • Majority of regions softer from prior month
    • South and Northeast regions exhibit largest changes

    In May, home price appreciation slowed from the prior month in all regions except the Mid-Atlantic, a region that has, so far, reported the most negative HPI impacts during COVID-19. The weakest regions this month were the South and Northeast, while the Midwest continued to be the best performing region. In a change from April’s report, all regions reported positive home price growth in May. Home buyer interest remained robust, while the future supply of new housing (New Private Housing Units Authorized by Building Permits as reported by the U.S. Department of Housing and Urban Development) recorded levels 50 percent lower than January 2020—both providing support for home prices in May.

    The Western region recorded an actual 12-month price appreciation rate (+6.1 percent), a rate higher than its annualized change from April to May (+5.5 percent), but lower than the 3-month rate of 6.9 percent. Conversely, the South which recorded a 12-month appreciation rate of 6.8 percent was only able to generate a 2.5 percent annualized growth rate last month.

    METROPOLITAN AREA DATA AND TRENDS

    • New York metro area prices rebound in May
    • Slower, but positive, appreciation the norm in most metros

    Across the 20-largest metro areas of the U.S, all of them recorded positive price appreciation in May, but all were at slower rates than reported in April. Two metros in particular, Baltimore and New York recorded higher rates of price growth last month after a series of months with rates well below longer term growth. And while rates were softer this month, we note that in 14 of the top 20 largest CBSAs, short term growth rates (3-months) remain higher than longer term rates (12-months).

    The weakest metros in May based on their annualized growth included Washington, D.C. (+0.0 percent), Los Angeles (+1.9 percent), Baltimore (+2.1 percent) and Miami (+2.1 percent). The strongest included Minneapolis, Seattle, New York and St. Louis, all with greater than 6.4 percent growth in May.

    ABOUT THE RADIAN HPI

    Red Bell, a subsidiary of Radian Group Inc., provides national and regional indices for download at info.radian.biz/hpi, along with information on how to access the full library of indices.

    Additional content on the housing market can also be found on the Radian Insights page located at https://radian.com/news-and-knowledge/insights.

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    U.S. Home Price Gains Slow in May, Radian Home Price Index Reveals - Seite 2 Home prices across the United States rose at an annualized rate of 4.5 percent in May 2020 from April 2020, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN). The …