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Northeast Dominates Appreciation Rates.(Brief Article)(Statistical Data Included)
Where have housing values appreciated most over the past two decades? California? Texas? Somewhere else in the Sun Belt?
None of the above.
According to the latest tally from the Office of Federal Housing Enterprise Oversight (www.ofheo.gov), the winner is - drum roll please - Massachusetts.
Massachusetts? Yup, that's right. On average, folks who bought a house in Massachusetts in 1980 and sold it sometime in the first quarter of this year turned a tidy little profit of 364.1%.
New Yorkers did almost as well, according to OFHEO, which regulates the safety and soundness of Fannie Mae and Freddie Mac, the two government-chartered corporations that bring liquidity to the mortgage market. Over the 21-year period, people in the Empire State saw their housing investment grow by an average of 277.8%.
What about California? Homeowners there didn't fair badly. Their investments tripled.
But Rhode Islanders did a little ...
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