The OFHEO Housing Report

Check out the OFHEO Housing Report released yesterday. It is a 75 page report. Lots of valuable of information.

• "Average U.S. home prices increased 12.50 percent from the first quarter of 2004 through the first quarter of 2005. "
• Across the US "appreciation for the most recent quarter was 2.21 percent, or an annualized rate of 8.82 percent."
• "The biggest price increases in the HPI during the past year occurred in Nevada, with a 4-
  quarter increase of 31.2 percent" (HPI = Housing Price Index) Isn't it ironic the Nevada is the capitol of gambling? One more thing to gamble on. Such a creative place
• " The list of the 20 fastest appreciating MSAs remained largely unchanged from the
  previous quarter, with 14 of the 20 fastest growing MSAs in California, 4 in Florida, and
  2 in Nevada."

Let me know what else you find noteworthy. :-0