When people ask me how bad the real estate market is, I always ask where?
Just as you can't pin the temperature in the U.S. to just one, you can't define the real estate market by one State, City, County or even neighborhood. Real estate is local!
Here is an article from Coloradoan.com:
Home values up 50% in 12 years
Everitt center's semi-annual report also shows 4% depreciation in '09
LOVELAND - Housing prices in Fort Collins and Timnath appreciated nearly 50 percent from 1997 through the first half of 2009, according to a study on home prices released Thursday by the Colorado State University Everitt Real Estate Center's third-quarter conference.
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he semi-annual in-depth report was released during the Everitt Real Estate Center's Real Estate Rendezvous 2010 event before about 130 Northern Colorado real estate experts Thursday morning at the Embassy Suites in Loveland.
The study, conducted by John Gerhard and Sriram Villupuram, two researchers for the Everitt Real Estate Center, is released twice a year, in April and September.
The latest report ranks Fort Collins as fifth out of 11 regions in terms of a 48.1 percent appreciation rate from 1997 through the first half of 2009.
At the same time, overall home values dropped nearly 4 percent in the first half of 2009 compared with 2008.
"In spite of the declines in values, home values can vary widely by neighborhood and even block by block," said Gerhard in a prepared statement. "There are still neighborhoods that are doing reasonably well and appreciating despite national trends. It's not all doom and gloom. It's important to look at market trends at a granular level rather than for a large market area."Read More Here:
http://www.coloradoan.com/article/20090925/BUSINESS/909250323/Home-values-up-50--in-12-years
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