State of Georgia Ranked #24 for House Appreciation in 2007
June 24, 2008 · Print This Article
According to a report published by the Office of Federal Housing Enterprise Oversight, Georgia ranked number 24 for percent change in house prices from the year before. The state increased at 2.55% in 2007 than in 2006. The top three states (in order) were; Utah (9.27), Wyoming (8.27), and North Dakota (7.87). The bottom three were; Florida (-4.69), Nevada (-5.86), and California (-6.65).
Ranked metropolitan statistical areas and divisions which is calculated using estimates of all transactions house price index which includes purchase and refinance mortgages found that the communities of Atlanta-Sandy Springs-Marietta ranked 151 nationally.
Below is a chart depicting the fourth quarter price change by state for the entire United States.
The graph above shows (click to enlarge) that the state of Georgia had an increase of 2.6% in the forth quarter. Though these are tough times felt across our nation the market in Georgia isn’t as bad as one may think. Georgia can contribute its continued appreciation to the many new jobs and population growth that the state has experienced.
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This is great news! As other markets are declining, Georgia is still seeing appreciation due to the growth of the state and of Atlanta. I purchased my first home in December of 2007, it is good to read this sort of positive news.
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