Keeping A Perspective: The United States Real Estate Landscape
February 26th, 2008 Categories: National and Local Real Estate Appreciation Forecast
The recent Office of Federal Housing Enterprise Oversight recent report shows that the red area (California, Nevada, Arizona, Florida, Michigan, Minnesota and Rhode Island) experience a home price range valuation decline of -1.0% to -6.6% during the 4th quarter, 2007.
Louisiana, Mississippi, Alabama, Tennessee, North Carolina, South Carolina (all areas within the blue-green areas) show a positive home valuation between 2.0% to 5.0%.
The dark blue areas have home valuation growth rates range of 5.0% up to 9.3%. The States within this valuation range include New Mexico, Alaska, Utah, Wyoming, Montana, Washington and North Dakota.
Overall approximately 3/4 of the United States real estate is showing positive growth.
Many of the places showing a decline will experience good appreciation growth over the next 36 months. Refer to the blog article “Feb 2008 major Cities Real Estate % Appreciation Trends Report”. Real estate is going to be good overall over the next 36 months. Just keep a perspective.
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