From Property Wire this morning, “Residential property prices in the United States fell 1.3% in October, the third monthly decline in a row, according to the latest CoreLogic Home Price Index.”

For our purposes, there is some very notable movement.  “Including distressed sales, the five states with the highest growth were West Virginia which was up 4.8%, South Dakota up 3.1%, New York up 3%, District of Columbia up 2.4% and Alaska up 2.1%.  Including distressed sales, the five states with the greatest drop were Nevada down 12.1%, Illinois down 9.4%, Arizona down 8.1%, Minnesota down 7.9% and Georgia down 7.3%.

Nevada prices down 12.1%?  Arizona down 8.1%?

You know what happens when I see numbers like that.  Clear my calendar for the next few days!  I need to spend some serious time analyzing properties in those ‘sexy’ markets.  I’ve got three words on my mind today:

Buy

Hold

Rent

For more information on the strategies we use, check the free training videos on our website.

 


Comments

comments

About The Author

Steve Martel

Steve Martel is a serial entrepreneur with over six multi-million dollar revenue-generating companies, with two worth over $10,000,000.00 each. Steve is a real estate wealth expert, a strategic business advisor, consultant, coach, and philanthropist. He directly influences more than 100,000 entrepreneurs annually and has helped the acquisition of over $350,000,000 of real estate in the past 3 years alone. 

Related Posts