quarterly metro report: All Real Estate Is Local, But...
- 08/17/09 03:40 PM
The NAR published their quarterly metro home value report this past week. While there were some bright spots like Elmira, NY, which showed 11.3% year over year appreciation, there is also continued systemic weakness throughout our countries housing markets. Broadly speaking, the median home value fell -15.6% from the 2Q of 2008 to the 2Q of 2009, this is the steepest decline on record for this quarterly report. Additionally, all four regions within the United States were down. The Northeast, Midwest, South, and West experienced home value declines of -9.7%, -8.6%, -10.3%, and -26.6% respectively. While all real estate is local, every … (4 comments)
The NAR published their quarterly metro home value report this past week. While there were some bright spots like Elmira, NY, which showed 11.3% year over year appreciation, there is also continued systemic weakness throughout our countries housing markets.
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