According to an 88 page report from the Office of Federal Housing Enterprise Oversight (OFHEO), North Carolina real estate sales were number 10 in the list of states that had "...positive four-quarter appreciation" in 2007...". This report has a negative title, but it has lots of positive data. The list of states and their ranking by appreciation over 2007 is on page 25 of the report.
80% of states had positive appreciation in 2007 according to page 25 of the report. And, of the 291 cities monitored in the report, 65% had appreciation. Statistics can be used to make any point you want. This report uses a few different set of statistics to show different aspects of the housing market.
US real estate still provides one of the best available forms of investment for people looking to grow wealth over the long run.
The 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
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker
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