Thursday, July 23, 2009
The 2.1 percent standard rise in home price in 22 out of 25 metropolitan geometric areas from April to May suggest that revival could be at hand in several areas, says Radar Logic, a real estate investments data and analytics corporation.
"This is in stark dissimilarity to the similar period through 2008, when reduce in the velocity of home price depreciation gave way to the most horrible loss in housing value in current history," the report says.
The reports calculate that in the key metropolitan geometric area's it studies, prices have fall 33.5 percent peak-to-trough as well as 31 percent peak-to-current.
Here are the 10 metropolitan geometric areas where prices augmented the most from April to May of this year:
1. Milwaukee, Wis., 4.9 percent
2. Charlotte, 4.7 percent
3. Boston, 4.6 percent
4. Cleveland, 4 percent
5. Washington, DC, 3.7 percent
6. St. Louis, 3.3 percent
7. Columbus, Ohio, 3.2 percent
8. Seattle, 2.8 percent
9. Denver, 2.3 percent
10. Philadelphia, 1.8 percent
"This is in stark dissimilarity to the similar period through 2008, when reduce in the velocity of home price depreciation gave way to the most horrible loss in housing value in current history," the report says.
The reports calculate that in the key metropolitan geometric area's it studies, prices have fall 33.5 percent peak-to-trough as well as 31 percent peak-to-current.
Here are the 10 metropolitan geometric areas where prices augmented the most from April to May of this year:
1. Milwaukee, Wis., 4.9 percent
2. Charlotte, 4.7 percent
3. Boston, 4.6 percent
4. Cleveland, 4 percent
5. Washington, DC, 3.7 percent
6. St. Louis, 3.3 percent
7. Columbus, Ohio, 3.2 percent
8. Seattle, 2.8 percent
9. Denver, 2.3 percent
10. Philadelphia, 1.8 percent
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posted by Real Estate Investing @ 10:11 PM
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