OFHEO Release New Report for 2008, California Suffers Worst Loss in the Nation

The Office of Federal Housing Enterprise Oversight just released its report for the first quarter of 2008. California is ranked #51 in the nation for year over year price appreciation. That’s right, we’re last place! The chart shows that California lost 10.58% since last year. There is still a gain of over 50% for the past five years, but a couple more 10% drops should eliminate that gain! Perhaps in 2010 we will see 2002 prices all over the state.

May 22, 2008 | Filed Under News

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