Real Estate Tidbits you won’t find in the Major Media!
The Real Estate Bloggers have a great post on 26 Things The Media Isn’t Telling You About the Real Estate Market. With headlines about the great “bust” in real estate, it is good to remember, the “bust” is more like a tornado, devastating where it tears right through, but with much less impact on the outlying areas.
Here’s just three of the things from the post:
5. Only 3 states have shown significant price declines from the first quarter of 2007 to the first quarter of 2008.
6. There are still many areas showing 5% or more appreciation over the past year, including but not limited to Bayou Cane LA with 11.22%, Wenatchee WA with 8% and Idaho Falls ID with 5.06%.
7. The type of annual appreciation we’ve seen since 2005 (ranging from 1.8% to 3.7%) is similar to the type of appreciation the U.S. experienced in the mid to late 90s, right before the real estate boom. – Real Estate Bloggers
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