Best Housing Markets 2008
The four best housing markets, based on price increases reported by the Office of Federal Housing Enterprise (OFHEO) for the lst quarter of 2008, include
Houma-Bayou Cane-Thibodaux in LA, Grand Junction in CO, Wenatchee in WA and Austin-Round Rock in TX, which registered annual housing price increases between 7.7% and 11.2%. Check the table below to see the twenty best housing markets along with the respective housing price increases in the 1st quarter of 2008 and in the last five years ending in the 1st quarter of 2008.
The Housing Price Index (HPI)published by OFHEO is a broad measure of the movement of single-family housing prices in the United States, which, because of the breadth of the sample it is based on, it provides more information than other house price indexes. As such, the HPI serves as a timely, accurate indicator of house price trends at various geographic levels, from the national level to the metropolitan area level. Check this link for more detailed information about the index.
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