Heath's Blog

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Minnesota was 44th in US House Price Appreciation in 2007 with ups and downs.

Minnesota real estate sales were ranked 44th out of all 50 US states in home price appreciation in 2007. There were no Minnesota cities in the top 20 appreciating cities and none in the 20 cities that lost the most value. However, there were a number of cities with strong real estate activity in Minnesota. Some of them are Duluth MN had positive appreciation in 2007. Minneapolis, and St Paul were both negative, however. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Minnesota real estate sales were number 44 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 Minnesota 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 MN cities
Bloomington had depreciation
Rochester had positive appreciation
St Cloud 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

I've bookmarked this so I can check out the site you mentioned.  Thanks for the info! 

Posted by Laura Giannotta, Your Realtor Down the Shore! (Keller Williams Realty - Atlantic Shore ) over 12 years ago

Go get 'em Laura!  I lived in St Paul in the early 80's.  Lots of snow!

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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