10 Standouts in the Housing Market

December 2, 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%

Source: Clear Capital