10 Standouts in the Housing Market, Can you Guess who made the List?

Guess who made the list of biggest price gains in the nation on housing. Yep Metro New Orleans. It’s still a great time to sell in  our area.

Daily Real Estate News | Tuesday, December 02, 2014

National home prices continue to moderate following last year’s double-digit surge. Distressed saturation fell to 16.8 percent nationwide, “suggesting the shortage of lower-priced inventory is the catalyst for stalling gains,” according to Clear Capital’s latest Home Data Index Market Report.

“The housing recovery is at a pivotal point — it’s in need of restored consumer confidence and non-investor demand,” the report notes.

But some markets remain the exception. For example, Detroit has ranked within the top three highest-performing metros for the fifth consecutive month. Clear Capital pointed out the following markets as having the biggest price gains:

1. Detroit–Warren–Livonia, Mich.
Year-over-year price gains: 20.3%
Distressed saturation: 19.5%
2. Atlanta–Sandy Springs–Marietta, Ga.
Year-over-year: 13.3%
Distressed saturation: 19.4%
3. Pittsburgh, Pa.
Year-over-year: 9.6%
Distressed saturation: 9.4%
4. Dayton, Ohio
Year-over-year: 10.9%
Distressed saturation: 19.3%
5. New Orleans–Metairie–Kenner, La.
Year-over-year: 9.2%
Distressed saturation: 15.6%
6. Milwaukee–Waukesha–West Allis, Wis.
Year-over-year: 4%
Distressed saturation: 17.5%
7. Memphis, Tenn.
Year-over-year: 5.8%
Distressed saturation: 24.8%
8. San Jose–Sunnyvale–Santa Clara, Calif.
Year-over-year: 11.4%
Distressed saturation: 4.6%
9. Bakersfield, Calif.
Year-over-year: 11.2%
Distressed saturation: 16.8%
10. Denver–Aurora, Colo.
Year-over-year: 9.4%
Distressed saturation: 7.4%