Even the Feds Forecast Continued Housing Market Growth
Tuesday, June 14, 2005
The Office of Federal Housing Enterprise Oversight (OFHEO) analysis of the housing market points to strong growth nationwide over the past year: “Average home prices increased 12.50 percent from the first quarter of 2004 through the first quarter of 2005.” The Feds even forecast a strong increase in housing prices: “The HPI shows the rise in house prices continues at an extremely strong pace…”
For those of us investors in the Nevada market, we continue to see strong growth: “The biggest price increases in the House Price Index (HPI) during the past year occurred in Nevada, with a 4-quarter increase of 31.2 percent.” Reno experienced a 31.78% appreciation and Las Vegas experienced a 33.25% appreciation in one year. Nevada also has the second lowest Annualized Volatility Estimates in the Nation at 0.06825
OFHEO (.PDF)
posted by author @ 8:22 PM,
