National Home Values

June 15th, 2010

Written by Greg Frost

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 have 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%.

Please take a moment to learn more about how Frost Mortgage can help you. If you're looking for a mortgage, please visit our Find a Loan Officer page. And if you're looking for the best Branch Partner opportunity in the business, please visit our Branch Opportunities page. Thank you!

Also, please follow us at

This entry was posted on Tuesday, June 15th, 2010 at 2:37 pm and is filed under Economy, Home sales, Homebuying, Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply