The OFHEO has released their data for the beginning of 2008 and it shows again that 36 states are still appreciating! The data in the report from the OFHEO shows that homes in 36 of 50 states have appreciated in price this year! While the report tries to say that prices on the average in the US are down, it clearly shows that 70%% of the United States housing markets are appreciating. There are 14 states and DC - which by the way are the largest and the ones that gained the most price growth in the last decade - that are responsible for pulling the average price of homes down. Most of the country is appreciating!
Take a look at the report and see where your state is in the list of 36 healty states.
While it may be truthful to say that the average prices are down, there is only a 0.23% decrease in national prices even with weighty states like CA, FL, and NV pulling the average down. The fourteen states in the negative have also experienced an average of over 14% appreciation in the last 28 years. The current correction isn't even equal to one of those year's appreciation.
So which of the states is healthy? How about this list!
Wyoming,Utah,Montana,Texas,Alabama,North Dakota
South Dakota,North Carolina,Oklahoma,Tennessee,South Carolina,New Mexico
Loiusiana,Mississippi,Washington,Kentucky,Iowa,Kansas
Idaho,West Virginia,Pennsylvania,Maine,Colorado,Indiana
Georgia,Oregon,Arizona,Nebraska,Wisconsin,Vermont
Missouri,Arkansas,Delaware,Illinois,Ohio,New York
South Dakota
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