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36 States Have Healthy and Appreciating Real Estate Markets!

By
Real Estate Agent with https://teamcoker.robertpaul.com 9023635

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

Posted by

Heath Coker, Associate Broker
Berkshire Hathaway Homeservices Robert Paul Properties
teamcoker.robertpaul.com
508-548-8888  Licensed in MA
Its a beautiful day on Cape Cod!

James Heath Coker | Create Your Badge

Tara Stone
eXp Realty - Alexandria Township, NJ
NJ Estates and Stables

I can't wait to check out the report..it's a great blog topic and a great way to look at the market..Thank you for the refeshment of reality.

Jul 08, 2008 08:59 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

You're welcome, Tara.  You can use the report for your own blog ideas, too.

Jul 11, 2008 03:06 AM
Patricia Kennedy
RLAH@properties - Washington, DC
Home in the Capital

Heath, I know that we're not a state, but the District of Columbia is appreciating, too.

Jul 15, 2008 03:28 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

I am all for positive news, but truthful news, too. Unfortunately, there maybe some areas of DC that are doing well, but in general, DC is one of the few that are down in the first quarter.  (see page 20 of the report I mention.)

Jul 15, 2008 03:35 AM
Karl Nettgen
Century 21 Agate Realty - Gold Beach, OR

Thanks for the information...I even added my web site links under the Gold Beach oregon search

Jul 15, 2008 05:56 PM
Anonymous
riathareja

 

Currently, there is a slowdown in the number of transactions happening within the industry. There is a shortage of funds and thus a lot of developers and buyers are all in the wait and watch mode. The rise in home loan interest rates combined with inflation has caused a slowdown in the middle level demand; however, the luxury level demand has not been as affected. There are some builders who are not yet compromising on their prices, and these builders with greater holding power are expected to hold out for another 6-8 weeks before yielding. Foreign investors too are adopting a cautious approach now and are waiting for developers to improve their own functioning before stepping in. Better locations for malls, high streets, commercial complexes are preferred. Since the traditional commercial mortgage spaces are too costly, alternative locations are being looked at. India tier 1 cities have increased in the transparency index; however there is still a lot to be done before we compete with the international market. Our standard policies need to improve, currently except for SEZs and townships; there is no single window format in place. FSI (floor space index) is also a major problem, coupled with cash transactions and speculators, the real estate sector is seen lacking. Currently, investors are also a lot more intelligent. Also, with the foreign interest Indian property receives, builders are put under more testing conditions. This a clear indication that there is still a lot of hope in the industry, investors are coming in too, but are more careful in terms of proper valuation and appraisals. While currently rentals are up and purchases are going down, things will hopefully turn around in the next few years. The government is planning to start a housing index, and builders are starting to follow international business practices. Even the low transparency in the finances of real estate is being looked into. Transparency was not so important an issue previously, as it is now. Policies regarding FSI are also clearing up and townships and large retrials are becoming more transparent. The markets are adapting to cater to the international investor and smarter buyers. Those companies that do not change will not survive. For more view-   realtydigest.blogspot.com

Jul 15, 2008 09:51 PM
#6
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

Thanx for the comment riathareja.  When I searched for you on the net I found you in India.  I hope the market is good there.

Jul 20, 2008 05:58 AM
Rummy Dhanoa
New York Real Estate Experts - Yonkers, NY
Rummy Dhanoa

This is good information, thanks.

Jul 25, 2008 04:52 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

Glad to provide it!

Jul 26, 2008 05:06 PM
Angie Brown
Anderson Real Estate - Anderson, SC
Real Estate

Thanks for the information. Very glad to know that South Carolina is in there!

Oct 01, 2008 04:14 AM
Daniel J. Brudnok, REALTOR
Berkshire Hathaway Home Services Fox & Roach, REALTORS - Exton - PA License #RS-225179-L / Delaware License #RS-0025038 - Downingtown, PA
SRES, e-PRO,ABR,GREEN,CSP

Heath,

I knew PA was doing ok....especially in my little piece, yet having this makes a difference....thanks for sharing...

Oct 02, 2008 12:50 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

You're Welcome Angie. I'll look at your site and see where we can link to you from.

Hi Dan. Thanx for the comment.  I got all your emails requesting a link to your site.  unfortunately you don't show any of your own listings and it appear to just be a lead generator site.  If you get a listing, let me know and we'll look again.

Happy Selling and Listing!

Oct 02, 2008 04:35 AM
Associate Broker Falmouth MA Cape Cod Heath Coker
https://teamcoker.robertpaul.com - Falmouth, MA
Heath Coker Berkshire Hathaway HS Robert Paul Prop

Hi again Angie. Let me know when you get a listing, too.

Oct 02, 2008 04:37 AM
David Buck
Harcourts Island Real Estate - Honolulu, HI
Realtor-Broker

Keep up the good work Heath! Even though we might not be on that list, the sky hasn't fallen here in Honolulu! Some good buys though...

Dec 03, 2008 07:38 PM