The Office of Federal Housing Enterprise Oversight (OFHEO) released their interpretation of the House Price Index today: U.S. HOUSE PRICES SLOW- House Price Index Shows Smallest Quarterly Increase Since 1994
You can read the 78 page press release but here are the highlights for us
The top 20 Metropolitan Statistical Areas (MSA) were ranked based on the highest rates of home price appreciation over the past year and Washington has 4 spots:
– #1, Wenatchee (23.54%)
– #6, Longview (13.6%)
– #17, Seattle/Bellevue (9.89%)
– #20, Spokane (9.3%)
Click here to read Inman News- Home prices drop in 15 states during Q2