Heath's Blog


Florida was 48th in US House Price Appreciation in 2007 - ouch!

Florida real estate sales were ranked number 48 out of 50 in terms of appreciation in 2007. Seven of the bottom 20 cities, likePort St Lucie were on the "20 worst cities" list. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Florida real estate sales were number 48 in the list of states that had "...positive four-quarter appreciation" in 2007...".  The report has lots of positive information, but it hasn't been widelypublicized.  The list of states and their ranking by appreciation over 2007 is on page 25 of the .pdf report.  It seems that Florida is one area of the country that should continue to see the need for patience when it comes to the real estate market.

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% of US cities had appreciation.  Too bad these statistics aren't being widely reported.  This report uses a few different set of statistics to show different aspects of the housing market.

United States 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!

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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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James Heath Coker | Create Your Badge


Heath- We list A  LOT of short sales in Port St Lucie Florida. Port St Lucie is now back to 2004 prices and still going down.

Posted by Katerina Gasset, Get It Done For Me Virtual Services (Get It Done For Me Virtual Services ) over 12 years ago

Heath, appears there are a few states that have to cleanse the old laundry before moving onward upward.

Posted by * Rate A Home (Rate A Home) over 12 years ago