Heath's Blog

head_left_image

Indiana was #35 in House Price Appreciation in 2007 - AND it was POSITIVE!

Indiana real estate showed up number 35 in states with appreciation in 2007. Add to that, Anderson, Bloomington, Columbus, Evansville, Gary, Lafayette, and MichiganCity-La Porte all showed POSITIVE appreciation in the last quarter of 2007!

The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page report that says Indiana real estate sales were number 35 in the list of states that had "...positive four-quarter appreciation" in 2007...".  There is a lot of positive data in this report.  The list of states and their ranking by appreciation over 2007 is on page 25 of the .pdf report.

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% had appreciation.  Too bad these statistics aren't being used to say that the real estate market is good.  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. 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.

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

Pretty darn exciting-- isn't it? No, not really, not at all. In 2007 Brentwood had six residential property foreclosures. Santa Monica 90402 had zero foreclosures. Santa Monica 90403 had three, 90404 had five, 90405 had eight and 90401 had one. In other Westside neighborhoods such as Playa Del Rey, there were four foreclosures in 2007. In Marina Del Rey there were seven and in Venice there were three. The neighborhoods of Westwood and Mar Vista/Palms were a little less fortunate. Westwood had fourteen foreclosures and Mar Vista had seventeen. Beverly Hills has remained strong with only four foreclosures. This information and the rest of this article is on my web-site: Santa Monica Real Estate ... go to the blog.

Posted by Simon Salloom almost 12 years ago

Yep, Simon, CA is at the bottom of the list for good markets.  But this is not news.  The OFHEO report I refer to above has positive info about 40 of the 50 states, though.  CA leads the states in depreciation.

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) almost 12 years ago

Participate

Post © 2020 Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA (http://www.CapeGroup.com & http://www.REindex.com). Design © 2020 ActiveRain, Inc. All rights reserved, Inc.

Logos and service marks owned by copyright holder.