States With The Highest Home Appreciation

By
Real Estate Broker/Owner with Realty Empire Incorporated

I just wanted to share this article I read... This is great news for Florida and 4 other states.

Low inventories are starting to lift home prices with Fla. seeing 4.5% gain; Wyoming No. 1 with 5.9%

 

Fla. in top five for home price appreciation

 

NEW YORK – May 10, 2012 – Tighter housing inventories are starting to lift home prices, says Anand Nallathambi, CoreLogic’s CEO.

CoreLogic’s latest home price index, which includes distressed sales, shows a slight month-over-month nationwide increase of 0.6 percent in home prices from February to March. But some markets are seeing much more of a price boost this spring, including Florida, which ranked No. 5 overall for home price increases.

“This spring, the housing market is responding to an improving balance between real estate supply and demand, which is causing stabilization in house prices,” says Mark Fleming, CoreLogic’s chief economist. “Although this has been the case in each of the last two years, the difference this year is that stabilization is occurring without the support of tax credits and in spite of a declining share of REO sales.”

States with highest appreciation

According to CoreLogic, the following states had the highest appreciation in March (this includes distressed sales):

• Wyoming: +5.9%
• West Virginia: +5.3%
• Arizona: +5.1%
• North Dakota: +4.7%
• Florida: +4.5%

States with biggest depreciation

Meanwhile, the states with the greatest depreciation, when also figuring in distressed sales, are:

• Delaware: -10.6%
• Illinois: -8.3%
• Alabama: -8%
• Georgia: -7.3%
• Nevada: -5.8%

Source: Melissa Dittmann Tracey, Realtor® Magazine Daily News

May 10 2012 Florida Realtors®

___________________________________________________________________________________________________________

Posted by

 

Stephanie Leon

Real Estate Broker
Realty Empire

6625 Miami Lakes Dr.
Miami Lakes, FL 33014

Contact me at:
786-664-7710
SLeon@RealtyEmpire.net

 

 

                        

  

 

All Rights Reserved. Copyright 2010-2018 Stephanie Leon Realty Empire 

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Rainer
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Michael Maynard
New Neighbors Realty - Milford, CT
"Welcome Home!"

Thanks Steph, that Delaware number is interesting as it looks too high, but than again smaller state I guess, less inventory to sway.

May 16, 2012 12:01 AM #1
Rainer
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Michael Maynard
New Neighbors Realty - Milford, CT
"Welcome Home!"

Thanks Steph, that Delaware number is interesting as it looks too high, but than again smaller state I guess, less inventory to sway.

May 16, 2012 12:01 AM #2
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Stephanie Leon | Miami Lakes Realtor®

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