In the midst of the gloom and doom that has permeated our national news coverage, I figured that you would like some good news.
7 States actually saw price increases in 2008.
Yep, you heard me right.
There is good news out there.
Here are the states that saw an increase in single family home prices in 2008.
- West Virginia Home Prices Up for 2008 4.2%
- Texas Home Prices Up for 2008 3.6%
- South Dakota Home Prices Up for 2008 3.6%
- Montana Home Prices Up for 2008 2.6%
- Mississippi Home Prices Up for 2008 1.7%
- Utah Home Prices Up for 2008 1.5%
- New Mexico Home Prices Up for 2008 1.3%
You never would have guessed there would be good news today? We will keep looking for the positive nuggets, but if I was a real estate agent in these states I would be emailing my clients the news. They would be glad to hear it.
Stats buried in this Bloomberg.com article.
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{ 1 comment… read it below or add one }
There are definitely certain cities that have been hit harder then others. The good news is that some cities have actually gone up in price, which is so often not reported in the news. It is looked at mainly from a state perspective which averages everything together.
For example, in the San Diego area it was reported last month that two cities went up in price. The two cities are Rancho Sante Fe and Solana Beach. Other cities like Coronado are holding their own. So when you look at San Diego as a whole, it seems dismal as there are cities like El Cajon that have been cut in half. It really depends on what city.
It is my opinion,when looking at state statistics it often doesn't take into account the unique standings of specific cities. If some cities are still doing well, I think that is promising news for everyone.