Immediate Release of 1st Quarter Real Estate Market Statistics | Trends
Hi everyone! While waiting for those precious ‘diamonds of information’ videos from the Enlightened Wealth Institute retreat I recently attended in Las Vegas…. I thought I’d share with you the most recent Office of Federal Housing Enterprise Oversight (OFHEO). Click more to read where the biggest declines are and why I think Las Vegas Foreclosure Investing is ripe for making great profits NOW!
Excerpt from press release of OFHEO:
DECLINE IN HOUSE PRICES ACCELERATES
IN FIRST QUARTER
Sharpest Declines in California, Nevada and Florida; Small Price Increases in
Strongest Markets
Washington, DC – U.S. home prices fell in the first quarter of 2008 according to
OFHEO’s seasonally-adjusted purchase-only house price index. The index, which isbased on data from home sales, was
1.7 percent lower on a seasonally-adjusted basis in
the first quarter than in the fourth quarter of 2007. This decline exceeded the 1.4 percent
price decline between the third and fourth quarters of 2007 and is the largest quarterly
price decline on record. Over the past year, prices fell 3.1 percent between the first
quarter of 2007 and the first quarter of 2008. This is the largest decline in the purchaseonly
index’s 17-year history.
Tags: Enlightened Wealth Institute, ewi, las vegas foreclosure investing, las vegas real estate market statistics, marketing, Real estate investing
