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Beyond the Media – National Home Values

Every once in awhile we need a little reminder to fight off the bad news on housing. Here’s a quick one.

The housing market continues to do battle with strong headwinds. Unemployment hovering at the double digit levels, disruptive appraisal requirements, more challenging loan underwriting and in many areas, foreclosure or distress sales exerting their negative influence. On the bright side, for buyers, lower prices combined with historically low interest rates has pushed true affordability to record levels. Here are a few other points to consider:

1. While falling values predominate across the country, there are only six states where values fell by more than 10% over the last year.

2. Unlike other investments, housing puts a roof over your head. That has always been its primary function. Yet, along with that benefit it is still an investment and in comparison to most others, it has compared favorably. Over the last 5 years, the vast majority of states still show positive appreciation with half even showing double digits. The same can not be said for the stock markets.

3. Over time, home prices across all states have risen at average annual appreciation rates ranging from the high 3′s to over 7.5%.

  • About The Author

    Zach Anderson

    Zach Anderson has always focused on driving business growth by focusing on the customer's experience. He has applied this fundamental sales and marketing principle to several industries including financial services and technology. In 2002 Zach founded and launched Cascadia Financial Group, one of the fastest growing mortgage companies in the Pacific Northwest. He sold the company in 2007 to Cobalt Mortgage, the largest privately owned mortgage banking company in the Pacific Northwest. Zach joined the Cobalt team and immediately focused on business development and marketing, his long standing business passion. He began using emerging technologies to connect, engage and transact with the Cobalt installed base of customers as well as new prospects. Zach found immediate success in utilizing video as a medium to deliver his message to all customers as well as strategic partners. He has authored many videos and has successfully created an extensive online community of followers, ...Read Full

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