U.S. Housing Market Update

Just reviewed a report from the Office of Federal Housing Enterprise Oversight.

This one paragraph gives a big overview:

The states with the greatest rates of appreciation between the third quarter of
2006 and the third quarter of 2007 were: Utah (12.9%), Wyoming (11.8%),
Montana (7.7%), New Mexico (7.4%), and Washington (7.0%). The states
with the largest depreciation for the same period were: Michigan (-3.7%),
California (-3.6%), Nevada (-2.4%), Massachusetts (-2.3%), and Rhode
Island (-2.2%).

The full report can be seen here....

1 comment:

das said...

Last week the OFHEO released their quarterly estimates of housing prices in the US. While it isn't a perfect measure of house prices, I think it's a pretty good one. Since it tries to track what happens to the price of the same house over time as it is bought and sold, it avoids some of the problems of prices measured by the median sales price. Furthermore, it is separately calculated for each Metropolitan Statistical Area (MSA), which provides a lot of texture to our analyses of the housing market.