According to PMI Housing Mortgage Review June 2008:
House value change 1st quarter 2008 vs 1st quarter 2007
U.S. average: -3.07%
Worst: California -19.14%
Best: North Dakota 6.56%
Right in the middle: WISCONSIN at 0.23%
It's not much, but at least it is a positive number.
Findings contradict what the media is perpetuating. A study done by Architectural Digest and Sotheby's results in a really positive article about how holding real estate creates wealth. Interesting that 50% of respondents in the survey say they believe the media exaggerates conditions to make the market seem worse than it is.
I read a different article once about how real estate companies had to "be the media" to paint an accurate picture and help people understand that the sky is not falling. That's what we are trying to do with this blog.
Your comments are always welcome.
