All Forum Posts by: James Park

Hi, the source is from Case Shiller MSA data.

Holly Barrett,

You are definitely in a good market for growth. I see Dawson County as what Forsyth County looked like 10 years ago. That area will continue to grow in population and flourish.

Top 6 Performing MSA Markets in Appreciation from Previous Peak

1. Dallas, TX          100.3%
2. Denver, CO       97.7%
3. Charlotte, NC   84.6%
4. Seattle, WA      82.9%
5. Portland, OR    71.4%
6. Atlanta, GA       66.1%

Top 6 Performiong MSA Markets in Year over Year Appreciation from Dec 2021 to Dec 2022

1. Miami, FL         15.9%
2. Tampa, FL        13.9%
3. Atlanta, GA      10.4%
4. Charlotte, NC   9.9%
5. Dallas, TX          8.0%
6. New York, NY   6.6%

Housing Appreciation Data for both Los Angeles and Atlanta from 1991 to 2022. The previous housing recession lasted about years from 2007 to 2012. The Los Angeles housing market dropped 39.7% from the last peak to trough whereas the Atlanta housing market dropped 34.7%.

From 2012 to 2021 - We are seeing Similar Appreciation numbers between Los Angeles and Atlanta

From 2022, we seeing the Los Angeles and Atlanta Housing Markets starting to decouple.

From 1991 to 2006, Los Angeles was in its growth phase while Atlanta was still in its emerging infancy phase.

Here are the most recent Year over Year data from the top 4 housing markets and the bottom 4 housing markets. I believe the recession in the 4 bottom housing markets will impacted to a greater level than the top 4 housing markets.

Four Top MSA Housing Markets

1. Miami, FL - positive 15.90%
2. Tampa, FL - positive 13.93%
3. Atlanta, GA - positivie 10.42%
4. Charolette, NC - positive 9.88%

Four Bottom MSA Housing Markets - Year over Year %

1. San Francisco, CA - negative 4.19%
2. Seattle - negative 1.78%
3. Portland - positive 1.10%
4. San Diego - positive 1.57%

Housing Appreciation Data for both Los Angeles and Atlanta from 1991 to 2022. The previous housing recession lasted about years from 2007 to 2012. The Los Angeles housing market dropped 39.7% from the last peak to trough whereas the Atlanta housing market dropped 34.7%.

From 2012 to 2021 - We are seeing Similar Appreciation numbers between Los Angeles and Atlanta

From 2022, we starting to see the two housing markets in LA and ATL decouple.

From 1991 to 2006, Los Angeles was in its growth phase while Atlanta was still in its emerging infancy phase.

Here are the most recent Year over Year data from the top 4 housing markets and the bottom 3 housing markets. I believe the recession in the 4 bottom housing markets will impacted to a greater level than the top 4 housing markets.

Four Top MSA Housing Markets

1. Miami, FL - positive 15.90%
2. Tampa, FL - positive 13.93%
3. Atlanta, GA - positivie 10.42%
4. Charolette, NC - positive 9.88%

Four Bottom MSA Housing Markets - Year over Year %

1. San Francisco, CA - negative 4.19%
2. Seattle - negative 1.78%
3. Portland - positive 1.10%
4. San Diego - positive 1.57%

The 4 Top Housing Markets from Dec 2021 - Dec 2022 are as follows

1) Miami (Florida) Appreciation 15.90%

2) Tampa (Florida) Appreciation 13.93%

3) Atlanta (Georgia) Appreciation 10.42%

4) Charolotte (North Carolina) Appreciation 9.88%

The 4 Bottom Housing Markets from Dec 2021 - Dec 2022 are as follows

1) San Francisco (California) Depreciation 15.90%

2) Seattle (Washington) Depreciation 13.93%

3) Portland (Oregon) Appreciation 1.10%

4) San Diego (California) Appreciation 1.59%

Looking at this data, it appears that the Housing market in the Southeast will weather the storm better than the West Coast & Northwest.

The average purchase price in Forsyth County was 4.7% above asking just 3 months ago, and now we are right at listing price. Seems like the market is in its early stage of cooling off. 

Forsyth County Ranks #16 Wealthiest County in the United States NOT taking into account Cost of Living.

@Bill Brandt
The numbers shown are not median home values but the Case Shiller Index. The chart is showing that homes in Las Vegas are pretty the same as 14 years ago (August 2006) value and one of the last markets to recover.