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Wenatchee, Spokane, and Longview in Top 20 US Areas of Price Appreciation 2007

Wenatchee WA real estate, Spokane WA real estate, and Longview WA real estate were 3 of the top 20 Metropolitan Statistical Areas (MSA) in the United States real estate market.  According to an 88 page report from the Office of Federal Housing Enterprise Oversight (OFHEO), Washington real estate had the top MSA - Wenatchee WA.  Wenatchee claims to be the "Apple Capital of the World." 

The state of Washington ranked 6th in average appreciation of statewide "Percent Change in Housing Prices".  This particular part of the report titled, "Widespread House Declines in Fourth Quarter," indicates there are many areas of the country that are still enjoying price appreciation, despite reports in the media.  The report indicates that average appreciation in Washington was almost 6% in 2007.

Each set of statistics this report shows different aspects of the housing market. The Internet has made learning about real estate much easier.  Statistics still need interpretation to get a complete picture.  US real estate still provides one of the best available forms of investment for growing wealth over the long run. 

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

Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / capegroup@capegroup.com
508-274-5613  Licensed in MA
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