What Markets Having Rising Home Values?

It may be hard to believe but there are some areas of the country that have rising home values.  All you hear about in the media is how bad the housing market is right now.  But housing is a local phenomenon and is not tied to to national trends.

Amarillo, TX is market that is still a seller's market.  The average price of existing homes was up 11% in the fourth quarter of 2007.

There are only 5 states that are truly in a housing recession: California, Arizona, Nevada, Florida, and Michigan.

Make sure to check what is happening in your local market and not so much on a national level.

John Thomas - Certified Mortgage Planner

www.DelawareMortgageLoans.net

 

 
Posted by John Thomas on 04/23/2008 09:59 PM   Comments (2)    

2 Comments on What Markets Having Rising Home Values?

They are coming down big time in the areas in MN I work in.

04/23/2008 10:15 PM by Chuck Carstensen (Re/max Associates Plus inc)

Ouch to Chuck!  Well Good Luck Everyone!! HANG IN!! :)

Tom Davis - A Delaware Realtor

04/25/2008 11:25 PM by Delaware Homes For Sale:FREE SEARCH! Tom Davis : Delaware Real Estate, Click Here (Delaware Real Estate,DE Homes,Find A Home ERA Realty Realtor)

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Loan Officer: John Thomas (Primary Residential Mortgage Inc.)
John Thomas
Newark, DE
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