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Arkansas and 32 Other States Homes Prices Increased

By
Real Estate Agent with ERA Henley Real Estate
I saw a report in Inman News that First American Loan Proformance released it's Home Price Profromance Index for the 12 months since September 2006. The index shows that Arkansas along with 32 others states had markets where home values were still increasing. There were only 17 states that had home values that decreased. So in about 2/3's of the US markets are good enough for values to increase. Why in most media reports does it sound like the whole country is in a bad market. Hopefully these reports will be on the front pages of papers and on the nightly news but probably not. It is up to us to spread the words that the sky is not falling every where.
John Stauffer
John Stauffer MBA, E-pro,CRS, ABR, GRI, SRES - Battle Creek, MI
I would be interested in seeing that article. We have seen a 10% decrease in value and drops by as much as 20-25% in certain price pockets and locations. It has been tough (not impossible) in Michigan, but the national media just fans the flame by telling everyone the "sky is falling".
Nov 20, 2007 05:47 AM