FHFA Releases 4th Quarter Home Prices
Last week the FHFA released the 4th Quarter Home Prices for 2013.
If we look at the breakdown regionally, year-over-year, prices are still up. Depending on what part of the country you are in, you have experienced a different level of appreciation.
Looking at the comparison of regions for the 2013 calendar year, prices were above the 2012 numbers for the entire year.
Breaking prices down by state, this is the first time since the first quarter of 2013 that there was any red (or negative appreciation) on the map at all. The majority of the country is over the 3.6% historical numbers.
If you have a client who is relocating to another state, it is important to show them the different rates at which home prices are appreciating to show them how waiting to buy could significantly impact the price they pay for their next home.
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