Heath's Blog

head_left_image

Illinois was 30th in US House Price Appreciation in 2007.

Illinois real estate sales were ranked 30th out of all 50 US states in home price appreciation in 2007. There were no Illinois cities in the top 20 appreciating cities or in the 20 cities that lost the most value. Some other cities cities like Bloomington, Normal, and Nampa were on the list of 291 cities doing well. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Illinois real estate sales were number 30 in the list of states that had "...positive four-quarter appreciation" in 2007...".  The report has lots of positive information, but it hasn't been widely publicized.  The list of states and their ranking by appreciation over 2007 is on page 25 of the .pdf report.  It seems that Illinois is one area of the country that should continue to see growth in the real estate market.

80% of the United States had POSITIVE appreciation in 2007 according to the chart page 25 and 26 of the report.  And, of the 291 cities monitored in the report, 65% of US cities had appreciation.  Too bad these statistics aren't being widely reported.  This report uses a few different set of statistics to show different aspects of the housing market.

United States real estate still provides one of the best available forms of investment for people looking to grow wealth over the long run. Real Estate professionals should be using blogging, newslettering, pressreleasing, emailing, and any other useful method to get this positive news out!

The report can be found at:  http://www.ofheo.gov/media/pdf/4q07hpi.pdf

Happy Selling and Listing!

If REindex.com, The Site Engine® hasn't already found your site and linked to it (and they do it free), fill out their form and they'll look at it.

Other IL cities
Naperville was 152nd of 291 US cities
Joliet was 152nd of 291 US cities
Chicago was 152nd of 291 US cities
Champaign was 86th of 291 US cities
Urbana was 86th of 291 US cities
Decatur was 66th of 291 US cities
Kanakee was 84th of 291 US cities
Bradley was 84th of 291 US cities
Peoria was 89th of 291 US cities
Rockford was 80th of 291 US cities
Springfield was 119th of 291 US cities
Danville had positive appreciation but was unranked

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup  Skype: heath.coker

REindex.com, The Site Engine®
508-274-5613  reindex@reindex.com
See our 2 Minute YouTube www.REindex.com/WhatIsREindex.html
@RealEstateIndex

James Heath Coker | Create Your Badge

Illinois was 30th in US House Price Appreciation in 2007.
share
Illinois real estate sales were ranked 30th out of all 50 US states in home price appreciation in 2007 There were no Illinois cities in the top 20 appreciating cities or in the 20 cities that lost the most value. Some other cities cities like… more
Iowa was 23rd in US House Price Appreciation in 2007.
share
Iowa real estate sales were ranked 23rd out of all 50 US states in home price appreciation in 2007 There were no Iowa cities in the top 20 appreciating cities or in the 20 cities that lost the most value. Some other cities cities like Ames Cedar… more
Georgia was 24th in US House Price Appreciation in 2007.
share
Georgia real estate sales were ranked 24th out of 50 US states in home price appreciation in 2007 There were no specific Georgia cities in the top or at the bottom of the 291 cities monitored. The Office of Federal Housing Enterprise Oversight.. more
I thought LA was supposed to win? OR Agents can influence the outcome!
share
With all the news about referees influencing basketball games, I thought LA would win the 3 games in LA. I was sure this series would go to the seventh game. But after last night, I was once more encouraged that the human element is still… more
Florida was 48th in US House Price Appreciation in 2007 - ouch!
share
Florida real estate sales were ranked number 48 out of 50 in terms of appreciation in 2007 Seven of the bottom 20 cities, like Port St Lucie were on the "20 worst cities" list. The Office of Federal Housing Enterprise Oversight (OFHEO)… more
Delaware was 31st in US House Price Appreciation in 2007- But it was…
share
Delaware real estate sales were ranked number 31 out of 50 in terms of appreciation in 2007 Some cities like Wilmington are doing well. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Delaware real… more
Connecticut ranks 37th in US House Price Appreciation in 2007!
share
Connecticut real estate sales were ranked number 37 out of 50 in terms of home price appreciation in 2007 Some cities like Danbury and Hartford or New Haven are doing well. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88… more
Arkansas ranks 19th in US House Price Appreciation in 2007!
share
Arkansas real estate sales were ranked number 19 out of 50 in terms of appreciation in 2007 Some cities like Bentonville and Little Rock or Fort Smith are doingwell. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page… more
Arizona ranks 46th in US House Price Appreciation in 2007 - Bummer.
share
Arizona real estate sales were ranked number 46 out of 50 in terms of appreciation in 2007 No specific town or city like Phoenix was in the bottom twenty cities in the United states real estate market for appreciation, but the Arizona economy… more
Alaska was #5 in US House Price Appreciation in 2007!
share
Alaska real estate sales were ranked number 5 in terms of appreciation in 2007 Unfortunately, no specific town or city like Anchorage was in the top twenty cities in the United states real estate market for appreciation, but being in the top 10 is… more