Thursday, August 2, 2007

Negative 11% Home-Value "Appreciation" Rate Is Considered Good Now?

Negative 11% is one of the best "appreciation" rates in the nation.

The Real Estate Bloggers posted a list of the top 20 real estate markets over last year.

Look at Detroit (below).

If the "top" 20 home-value "appreciation" rates include double-digit negative rates, what do the worst 20 markets look like?

Top 20 Markets: Real Estate Property-Value Appreciation Rates over Last Year

Seattle 9.10%
Charlotte 7.00%
Portland 5.70%
Dallas 1.80%
Atlanta: 1.70%
Denver -1.40%
New York -2.30%
Chicago -2.80%
Cleveland -2.80%
Los Angeles -3.30%
Miami -3.30%
San Francisco -3.40%
Minneapolis -3.50%
Las Vegas -4.10%
Boston -4.30%
Phoenix -5.50%
Washington, D.C. -6.30%
Tampa -6.70%
San Diego -7.00%
Detroit -11.10%

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