Very good article from Kenneth Harney in today's Naples Daily News Real Estate section titled "Home values showing signs of growth". His basic point was that there is no question that home values across the country have experienced some deep declines over the past two years. But the statistical fact based upon the third quarter survey by the Federal Housing Finance Agency, released on November 25, 2008, is that the values in the overwhelming majority of markets across the US are positive over a five year timeline.
You can check out your local markets performance in the complete 85 page survey at www.fhfa.gov.Labels: 5 years, growth trends, local markets, real estate