The latest housing appreciation/depreciation indexes as provided by the Federal Housing Finance Agency (FHFA) showed the following information for 2010 vs 2009, 1st quarter:
- United States: -3.07%
- * Mountain States: -7.6%
- Utah: -8.9%
> St George Area: -17.45%
> Provo-Orem Area: -13.30%
> Salt Lake City Area: -9.91%
> Ogden-Clearfield Area: -6.17%
* Includes Montana, Idaho, Wyoming, Nevada, Utah, Colorado, New Mexico and Arizona
5 Year Appreciation/Depreciation Rates for the same breakdown above are as follows:
- United States: -2.85%
- Mountain States: -3.05%
- Utah: +13.29%
> St George Area: -2.33%
> Provo-Orem Area: +13.41%
> Salt Lake City Area: +23.04%
> Ogden-Clearfield Area: +22.02%
The information above helps tell the story about the longer term strength of the northern Utah housing market.
I would be happy to email a copy of the full report to anyone interested.
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