The US housing index report came out today. I for one was very interested in what it was going to say. Sales have slowed down a bit and I was curious to know if the prices of our homes had went down as well. Our homes actually appreciated more in the 3rd quarter than the 2nd quarter. In the 3rd quarter our homes appreciated 1.21% up from .82%, in the last year they have appreciated 4.67% down from 5.25% and over the last 5 years they have appreciated 66.11% down from 65.05%. I don"t know about you , but I sure am glad we have + (plus) sign in front of our numbers. I can't help but think "Not a bad return on you money".
The full report from the Federal Housing Finance Agency
Last Quarters Figures
A Quick Look At The Figures Nationwide
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Good luck. A lot of us REALTORS are suffering. It is great that someone is doing well. Our local economy is not too bad. However, all of the national press and the attitudes of the mortgage lenders is scaring buyers off. I hope that things will get better after Jan 20.