Home Front

A blog about the economy and the Sacramento-area real estate market.

November 24, 2009
FHA's newest look at U.S. home prices across metro areas
The Federal Housing Finance Agency just released its third quarter Home Price Index, showing that - finally - Sacramento has dropped out of the top 20 U.S. metro areas for the biggest price declines. (That's because we've gotten so much of it done already).

The government HPI shows that the Sacramento-Arden Arcade-Roseville metropolitan statistical area (El Dorado, Placer, Sacramento and Yolo counties combined) has seen collective sales prices fall by 8.19 percent from the third quarter of 2008 through the 3rd quarter of 2009. It says the four-county region's collective prices have fallen 22.2 percent across the past five years.

Metros still in the top 20 regionally for lowest rates of appreciation (as in still falling) are Merced, Reno, Visalia, Modesto, Fresno, Madera and Vallejo-Fairfield.

Las Vegas is still the biggest loser (in terms of home values).
 
It's a long complicated report, but if you're game it's at this link.


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