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Idaho real estate sales were ranked 12th out of 50 US states in home price appreciation in 2007. There were two Idaho cities in the top 20 appreciating cities: Logan and Idaho Falls. Some other cities cities like Coeur d'Alene and Boise or Nampa are also doing well. The Office of Federal Housing Enterprise Oversight (OFHEO) produced an 88 page reports that says Idaho real estate sales were number 12 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 Idaho 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 ID cities
Lewiston had positive appreciation
Pocatello had positive appreciation

 
This post has been included in Idaho Information

2 Comments on Idaho was 12th in US House Price Appreciation in 2007.

It seems hard to believe that 80% of the US had appreciation.  Truely prices in our area are down at least 20% if not more.

06/16/2008 08:31 AM by Chuck Carstensen (Re/max Associates Plus/The Discovery Coach)


Well, you are in MN, one of the 10 states that were downin 2007.  It will turn soon. Once the election is over, rates will rise which will make it harder to borrow what people need to get what they want and we'll/you'll see a flury of motivated buyers.

06/23/2008 03:22 PM by Heath Coker, Broker Owner (Cape Group Real Estate & REindex.com)


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Real Estate Agent: Heath Coker, Broker Owner (Cape Group Real Estate & REindex.com)
Heath Coker, Broker Owner
Falmouth, MA
More about me…
Cape Group Real Estate & REindex.com

Office Phone: (508) 548-8888
Email Me
National/Local real estate topics, and Real Estate and the Internet topics. I write about the real estate business on Cape Cod and about the Internet. I own both a real estate company and a national real estate website that helps other listing agents and brokers get their site found at no cost to them. I make a living listing and selling real estate.


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