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New Hampshire has had 398% House Price Appreciation since 1980!

New Hampshire real estate sales were ranked 42nd out of all 50 US states in home price appreciation in 2007!. But since the 1980s prices have appreciated in New Hampshire by almost 400%! There were no New Hampshire cities in the top 20 cities that lost the most value in 2007. Some of the cities that gained attention for their falling values in New Hampshire are Manchester, Nashua, and areas around Kingston. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says New Hampshire real estate sales were number 42 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 starts 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 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 NH cities
Concord
Strafford
Allenstown
Loudon
Waterville Valley
Lincoln
Conway

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

Nice for the owners but what happened to the property taxes?   Did they go up this much also?

Posted by John Walters, Licensed in Louisiana (Frank Rubi Real Estate) over 11 years ago

I don't know about the local taxes, John.  They do have some taxes though.  That is a question that is better addressed to the local agents.  See www.REindex.com/REindexNH/indexNH.html

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

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