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Home Appreciation or Depreciation a Mixed Bag in the USA


2nd Quarter Analysis of Home Prices and Appreciation Rates
From www.ofheo.gov

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U.S. home prices were 3.2% higher in second quarter compared with a year earlier, the slowest price gains in 10 years, according to a quarterly index released by the Office of Federal Housing Enterprise Oversight.

A year ago, the year-over-year gain was 10%.

After adjusting for inflation of about 2.1%, real home prices rose 1.1% nationally in the past year.

Five states showed lower prices over the past year: Nevada, Michigan, California, Massachusetts and Rhode Island.

Utah had the best gains at 15.3% in the past year, followed by other states in the West and Southeast.

The 20 best performing areas for home price appreciation are shown below. Next, the bottom 20 metro areas are shown, followed by a link to comprehensive data on 300 Metro areas.

TOP 20 Metro Areas For Price Appreciation


Bottom 20 Metro Areas For Price Appreciation



And HERE is the link to the comprehensive data on 300 Metro (MSA) areas.







 
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Posted: Thursday, September 13, 2007 5:16 PM by Abraham Cadena

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