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Old 11-25-2008, 07:59 PM
 
Location: Greenville, SC
915 posts, read 2,427,231 times
Reputation: 400

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Once again, the OFHEO (now the FHFA) released their House Price Index, which showed the Greenville-Mauldin-Easley MSA as having the 9th highest appreciation rate in the United States when comparing 3Q08 to 3Q07.

According to this index, the appreciation rate in our Metropolitan Statiscal Area has amounted to the following:

Quarterly (2Q08 to 3Q08): -.61%
Yearly (3Q07 to 3Q08): +4.55%
5 year (3Q03 to 3Q08): +22.63%

Just like to share those tidbits of information with everyone, since a lot of what you hear in the media has little or no bearing on our local market.

- Cameron Keegan

Source: http://www.ofheo.gov/media/PDF/3q08hpi.pdf (broken link)
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Old 11-26-2008, 03:31 AM
 
Location: Travelers Rest SC
745 posts, read 2,235,796 times
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Pretty impressive numbers- sure beats what we're seeing here in the Tampa/St Pete market!
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Old 11-26-2008, 06:04 AM
 
Location: Greenville, SC
915 posts, read 2,427,231 times
Reputation: 400
I know some people may be questioning the drop from 2nd quarter to 3rd quarter, but it is not uncommon for prices to decline slightly from 2nd quarter to 3rd quarter. If you think about it, typically the busiest time in residential real estate is the May/June timeframe (kids are getting out of school, companies are relocating people, etc). This tends to trail off slightly in the August/September timeframe (kids going back to school).

Just thought I would add that to avoid raised eyebrows.
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