Let’s face it: home values in Austin are off the charts these days. It’s one of the hottest in the country. In fact, home prices have fully recovered from the declines suffered during the Great Recession, according to experts
According to HSH.com’s “Home price recovery index,” Austin is one of 10 metro areas in the U.S. where home values have recovered the most, which is great news. In the second quarter of 2017, home prices in our metro are now 60.55 percent above their mid-2000s “boom-era” values, ranking No.2 out of a list of the 100 largest metropolitan areas. How cool is that?
HSH.com’s “Home price recovery index” uses the Federal Housing Finance Agency’s (FHFA) Home Price Index as a basis to determine which housing markets have fully recovered (or more) and which still lag behind the housing recovery.
Texas is on fire with increase in housing valuations. With Austin as the second with 60.55% growth, Denver-Aurora-Lakewood, CO is first with 69.57%. Third is Dallas-Plano-Irving at 59.95% growth. Fourth at 47.84% is Houston-The Woodlands-Sugar Land with the fifth being Fort Worth-Arlington at 47.49% growth.
Want to check out your own property’s valuation? Check out HSH.com’s cool “Home Value Estimator” to track your own gains or losses over time.