Heath's Blog

head_left_image

Guess Which States Had the Least Appreciation in 2007?

40 of the 50 United States recorded POSITIVE appreciation in 2007. That means that 10 of the 50 were the opposite - depreciation. So which states do you think were in the bottom 10? If you have read parts of this blog you can eliminate a few of the top ranking states. And you can also find a few of the lower ranking states. But the list of all has a few that I was surprised at.

According to an 88 page report from the Office of Federal Housing Enterprise Oversight (OFHEO), the bottom ten states or the states with the least apprecitaion are New Jersey, Ohio, New Hampshire, Minnesota, Massachusetts, Arizona, Rhode Island, Michigan, Florida, Nevada, and at the bottom of the list is California. (Actually that's 11 isn't it?)

The data from the OFHEO report has lots of positive information.  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 major 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 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! If REindex.com, The Site Engine® hasn't already found your site and linked to it (free), fill out their form and they'll look at it.

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

Comments

Heath, Yea Michigan! We rock when it comes to making the bottom of the list lately.

Posted by * Rate A Home (Rate A Home) over 11 years ago

True, and you also have some of the best investment opportunities.  I hear you all are using reverse mortgages to sell renovated foreclosures to seniors - innovative!

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

Heath, right now its anyone with a pulse that were looking for....

Posted by * Rate A Home (Rate A Home) over 11 years ago

Participate