When real estate data comes from the National Association of REALTORS, it has an industry-insider feel to it. The data may be accurate, but it is hardly “impartial”.

So, it’s nice to see data from the Office of Federal Housing Enterprise Oversight (OFHEO) that supports on-going strength in the U.S. housing markets.

The entire report is 74 pages long and contains some real gems about the state of Real Estate as of Q4 2006.

For example:

1. Home values are not rising at the meteoric levels of 2004 and 2005, but they are still increasing along the lines of historical norms
2. At 5.9%, housing increased in price faster than the other goods we purchase/consume in our lives (0.9%)
3. For the 282 locales tracked by OFHEO, 256 showed positive appreciation in the prior year, led by Bend, Oregon at 21.4%. 25 locales showed declines, led by Kokomo, Indiana at -5.3%.

Also of note: areas impacted by Hurricane Katrina showed double-digit growth, reflecting a housing supply shortage.

This entry was posted on Monday, March 19th, 2007 at 4:45 pm and is filed under Cincinnati Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.