Markets
Map: Where Real Estate Prices are Rising Fastest
Mapped: Where Real Estate Prices are Rising the Fastest
The real estate market is a location game.
While forces like interest rates, demographics, and the economy help drive the housing market as a whole, the strength of your local market depends on other factors closer to home.
When you zoom out to look at U.S. real estate from a bird’s eye view, you’ll see this regional variance in full effect. Some markets are booming while others are tanking, and the contrast between the winners and losers is a stark one.
Real Estate Booms
Today’s infographic comes from TitleMax, and it shows where real estate prices are appreciating and depreciating the fastest.
We’ll start on the high end: here are the 10 cities that have seen the highest absolute growth in terms of price per square foot over the last five years.
| Rank | City | State | Price change (per sq. ft) |
|---|---|---|---|
| #1 | Beverly Hills | CA | +$764.43 |
| #2 | Fisher Island | FL | +$493.16 |
| #3 | Mountain View | CA | +$452.67 |
| #4 | San Carlos | CA | +$419.87 |
| #5 | Cupertino | CA | +$418.44 |
| #6 | Sunnyvale | CA | +$408.66 |
| #7 | San Francisco | CA | +$381.16 |
| #8 | San Mateo | CA | +$370.61 |
| #9 | Santa Monica | CA | +$364.48 |
| #10 | Manhattan Beach | CA | +$363.11 |
Median home price change over 5-years, measured in price per sq. ft (Source: Zillow)
The only non-California locale to make it onto the list is Fisher Island in Miami, Florida, which is home to just 467 residents including Andre Agassi, Oprah Winfrey, and Robert Herjavec.
While these are absolute increases, it’s worth noting that they are still very significant in relative terms. For example, although it’s true that Beverley Hills is the most expensive housing market in the U.S., prices have risen 47% over the last five years.
Real Estate Busts
Things may be rosy in the Golden State, but there are also places spread throughout the country where prices are dropping fast.
Many of these are smaller, lesser-known locales – and while they are located all over the map, eight of them are in states along the Eastern Seaboard.
| Rank | City | State | Price change (per sq. ft) |
|---|---|---|---|
| #1 | Sunset | SC | -$64.31 |
| #2 | Sharon | CT | -$63.21 |
| #3 | Lake Toxaway | NC | -$56.32 |
| #4 | Atlantic City | NJ | -$54.16 |
| #5 | Somers Point | NJ | -$43.99 |
| #6 | Ticonderoga | NY | -$39.64 |
| #7 | Hamburg | NJ | -$38.11 |
| #8 | Glenbrook | NV | -$34.36 |
| #9 | Winsted | CT | -$34.23 |
| #10 | Mercer | WI | -$31.69 |
Median home price change over 5-years, measured in price per sq. ft (Source: Zillow)
A Stark Contrast
If you sold a 1,000 sq. ft condo in Beverley Hills – the country’s most expensive real estate market – it would likely net you about $1.6 million.
What could you buy for that in Tamaqua, PA, the country’s cheapest?
In theory, you could pick up roughly 71,000 sq. ft of real estate – that’s about 10 mansions worth, or just short of the size of an average Walmart.
Markets
The European Stock Market: Attractive Valuations Offer Opportunities
On average, the European stock market has valuations that are nearly 50% lower than U.S. valuations. But how can you access the market?
European Stock Market: Attractive Valuations Offer Opportunities
Europe is known for some established brands, from L’Oréal to Louis Vuitton. However, the European stock market offers additional opportunities that may be lesser known.
The above infographic, sponsored by STOXX, outlines why investors may want to consider European stocks.
Attractive Valuations
Compared to most North American and Asian markets, European stocks offer lower or comparable valuations.
| Index | Price-to-Earnings Ratio | Price-to-Book Ratio |
|---|---|---|
| EURO STOXX 50 | 14.9 | 2.2 |
| STOXX Europe 600 | 14.4 | 2 |
| U.S. | 25.9 | 4.7 |
| Canada | 16.1 | 1.8 |
| Japan | 15.4 | 1.6 |
| Asia Pacific ex. China | 17.1 | 1.8 |
Data as of February 29, 2024. See graphic for full index names. Ratios based on trailing 12 month financials. The price to earnings ratio excludes companies with negative earnings.
On average, European valuations are nearly 50% lower than U.S. valuations, potentially offering an affordable entry point for investors.
Research also shows that lower price ratios have historically led to higher long-term returns.
Market Movements Not Closely Connected
Over the last decade, the European stock market had low-to-moderate correlation with North American and Asian equities.
The below chart shows correlations from February 2014 to February 2024. A value closer to zero indicates low correlation, while a value of one would indicate that two regions are moving in perfect unison.
| EURO STOXX 50 | STOXX EUROPE 600 | U.S. | Canada | Japan | Asia Pacific ex. China |
|
|---|---|---|---|---|---|---|
| EURO STOXX 50 | 1.00 | 0.97 | 0.55 | 0.67 | 0.24 | 0.43 |
| STOXX EUROPE 600 | 1.00 | 0.56 | 0.71 | 0.28 | 0.48 | |
| U.S. | 1.00 | 0.73 | 0.12 | 0.25 | ||
| Canada | 1.00 | 0.22 | 0.40 | |||
| Japan | 1.00 | 0.88 | ||||
| Asia Pacific ex. China | 1.00 |
Data is based on daily USD returns.
European equities had relatively independent market movements from North American and Asian markets. One contributing factor could be the differing sector weights in each market. For instance, technology makes up a quarter of the U.S. market, but health care and industrials dominate the broader European market.
Ultimately, European equities can enhance portfolio diversification and have the potential to mitigate risk for investors.
Tracking the Market
For investors interested in European equities, STOXX offers a variety of flagship indices:
| Index | Description | Market Cap |
|---|---|---|
| STOXX Europe 600 | Pan-regional, broad market | €10.5T |
| STOXX Developed Europe | Pan-regional, broad-market | €9.9T |
| STOXX Europe 600 ESG-X | Pan-regional, broad market, sustainability focus | €9.7T |
| STOXX Europe 50 | Pan-regional, blue-chip | €5.1T |
| EURO STOXX 50 | Eurozone, blue-chip | €3.5T |
Data is as of February 29, 2024. Market cap is free float, which represents the shares that are readily available for public trading on stock exchanges.
The EURO STOXX 50 tracks the Eurozone’s biggest and most traded companies. It also underlies one of the world’s largest ranges of ETFs and mutual funds. As of November 2023, there were €27.3 billion in ETFs and €23.5B in mutual fund assets under management tracking the index.
“For the past 25 years, the EURO STOXX 50 has served as an accurate, reliable and tradable representation of the Eurozone equity market.”
— Axel Lomholt, General Manager at STOXX
Partnering with STOXX to Track the European Stock Market
Are you interested in European equities? STOXX can be a valuable partner:
- Comprehensive, liquid and investable ecosystem
- European heritage, global reach
- Highly sophisticated customization capabilities
- Open architecture approach to using data
- Close partnerships with clients
- Part of ISS STOXX and Deutsche Börse Group
With a full suite of indices, STOXX can help you benchmark against the European stock market.
Learn how STOXX’s European indices offer liquid and effective market access.
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