Was just on the FHFA website - www.fhfa.gov - and thought I should share this chart about the National House Price Index for real estate purchases from January 1991 thru May 2014. Obviously, this is a National take on real estate and each market is a little different and you should talk with your Realtor about your specific situation. That being said, overall the National real estate market is continuing to improve since the economic downturn in 2007/2008. Which is great news if you are considering purchasing a home and have been waiting for the market to "recover."
One thing to notice is that the August 2014 index is roughly the same as the August 2004 index level. And the compound annual growth rate since January 2000 is 3.1%, that is just shy of the growth rate since January 1991 of 3.3%. Meaning that the overall long term tread is that real estate values are improving by about 3%.
Author:Julie White Phone: 970-531-7155 Dated: October 31st 2014 Views: 1,902 About Julie: My goal is to help people with real estate. I am invested in helping people achieve their real estat...
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