Local House Price Report (Knoxville, Murfreesboro: mortgages, refinance, how much)

[mbmouse]

Kingsport-Bristol Fare Well in National House Price Report



Source: Office of Federal Housing Enterprise Oversight
(Estimates use all-transactions HPI which includes purchase and refinance mortgages)

Of the 291 cities on OFHEOs list of "ranked" MSAs, 192 had positive four quarter appreciation and 99 had price declines.

"Given the recent turmoil in housing markets we thought it would be helpful to provide a greater amount of information about price trends," Lockhart said.

"While the declines are significant and quite large in some areas, the market still needs to work through its overhang of unsold inventory," said OFHEO Chief Economist Patrick Lawler. "How much further down that inventory will ultimately push prices will depend ona number of factors, including what happens to interest rates and the overall health of the U.S. economy," Lawler said.

West South Central 4.59
East South Central 4.14
Mountain 2.40
West North Central 1.55
Middle Atlantic 1.06
United States 0.84
East North Central 0.17
South Atlantic -0.03
New England -0.74
Pacific -2.67

House Price Appreciation
1-year period ending Dec 31, 2007
Office of Federal Housing Enterprise Oversight

13. Asheville, NC
15. Huntsville, AL
23. Charlotte-Gastonia-Concord, NC-SC
24. Raleigh-Cary, NC
35. Spartanburg, SC
37. Greenville-Mauldin-Easley, SC
30. Knoxville, TN
34. Lynchburg, VA
45. Charlottesville, VA
48. Durham, NC
54. Nashville-Murfreesboro, TN
58. Wilmington, NC
60. Hickory-Lenoir-Morganton, NC
67. Kingsport-Bristol, TN-VA
68. Greensboro-High Point, NC
74. Richmond, VA

[ania]

Thanks MBMouse. I'll have to forward this to my sister - trying to get her to move up this way sooner rather than later - maybe this will help.