WILMINGTON, NC (WECT) - While many news reports say home values are declining, a recent government study says otherwise.
Though there are some big loses in parts of the country, most of the markets show a growth in home value over the past five years.
According to the Federal Housing Finance Agency, on average 4% of home values declined in the past year, but values were up nearly 29% over the last 5 years.
The Federal Housing Finance Agency reports that Wilmington is in the top 5 markets that gained the most value over the past five years. The city increased by 62.1%.
The other top markets include: Honolulu, HI; Virginia Beach, VA; Flagstaff, AZ, and Bellingham, WA.
No comments:
Post a Comment