Heath's Blog

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Wyoming was #2 in House Price Appreciation in 2007!

According to an 88 page report from the Office of Federal Housing Enterprise Oversight (OFHEO), Wyoming real estate sales were number 2 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

Happy Selling and Listing!

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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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Comments

Cool.... Great news, Heath. It is always great to hear the good news for a change. Have a wonderful weekend, Jim.

Posted by Jim & Maria Hart, Charleston, SC Real Estate (Brand Name Real Estate) over 11 years ago

Great post....I just spent a bunch of time reading it. WOW...it is not nearly as bad as the media makes it out to be....

Posted by Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes (Waves Realty) over 11 years ago

Thanx for the comments.  I'm glad to share the good news.  If we had to live on what the media feeds us, we'd all be moving to mountain tops to avoid the coming floods, women would rule the world, the only americans dying would be in our own streets (oops, they are now - just not reported with numerical emphasis), and marriage between a man and a woman would only be for having kids two men or two women could adopt.

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com) over 11 years ago

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