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%
Thursday, August 2, 2007
Negative 11% Home-Value "Appreciation" Rate Is Considered Good Now?
Posted by J at IHB and HFF at 4:51 PM
Labels: depreciation, housing bubble, investing, real estate
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