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Idaho was 12th in US House Price Appreciation in 2007.

Idaho real estate sales were ranked 12th out of 50 US states in home price appreciation in 2007. There were two Idaho cities in the top 20 appreciating cities: Logan and Idaho Falls. Some other cities cities like Coeur d'Alene and Boise or Nampa are also doing well. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Idaho real estate sales were number 12 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 widely publicized.  The list of states and their ranking by appreciation over 2007 is on page 25 of the .pdf report.  It seems that Idaho is one area of the country that should continue to see growth in 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 121 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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Other ID cities
Lewiston had positive appreciation
Pocatello had positive appreciation

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

It seems hard to believe that 80% of the US had appreciation.  Truely prices in our area are down at least 20% if not more.

Posted by Chuck Carstensen, Minnesota Real Estate Expert (RE/MAX Results) over 12 years ago

Well, you are in MN, one of the 10 states that were downin 2007.  It will turn soon. Once the election is over, rates will rise which will make it harder to borrow what people need to get what they want and we'll/you'll see a flury of motivated buyers.

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) about 12 years ago

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