wabmester
Thinks s/he gets paid by the post
- Joined
- Dec 6, 2003
- Messages
- 4,459
Just snarfed an interesting link from Scott Burns' site. Home appreciation by state:
www.ofheo.gov/media/pdf/1q04hpi.pdf
Since 1980, housing prices have gone up 209% on average. Some states are far away from this long-term mean. For example, CA prices have appreciated 50% more than the mean, so if you believe in reversion to the mean, look out below!
TX, on the other hand, appreciated 58% below the mean, so if you believe in a tilt towards value, start buying Texas!
www.ofheo.gov/media/pdf/1q04hpi.pdf
Since 1980, housing prices have gone up 209% on average. Some states are far away from this long-term mean. For example, CA prices have appreciated 50% more than the mean, so if you believe in reversion to the mean, look out below!
TX, on the other hand, appreciated 58% below the mean, so if you believe in a tilt towards value, start buying Texas!
