Feb
More statistics on the housing market
Filed Under (Health of Real Estate Market) by admin on 27-02-2008
Tagged Under : boulder, denver, housing statistics
According to an MSN Money article, the numbers from the Office of Federal Housing Enterprise Oversight show some interesting conclusions.
Over a 5-year period, in the 291 metro areas tracked, only one metro area - Detroit - showed a decrease in prices.
18 of the 20 worst performing markets are in Florida and California.
The Boulder area ranked 100 in the top 100 markets in price appreciation (Grand Junction ranked number 3!).
In one quarter, Boulder showed a 1.28% price appreciation, in one year a 2.89% price appreciation and in 5 years, a 14.10% price appreciation.
Denver/Aurora, despite their housing problems, ranked in the top 2/3 of the metro areas covered and in one quarter showed a .20% price appreciation, in one year showed a .49% price depreciation and in 5 years showed a 10.13% price appreciation.
