Colour Coded Map of Real Estate Price Changes Across the USA

This is the latest piece of artwork from the US Fed. designed to give a quick and simple overview of how the property market values are performing. It seems suprising they didn´t have this sooner?

As the Key suggests, the areas in RED are where the property market is in ´negative growth´  (A typically newspeak way of saying prices are falling!) The main areas experiencing difficulties include Florida and the South West, areas where large scale development has been rife. They are also areas where investors have been encouraged to buy up ´off-plan´ developments and ´flip´, unfortunately ´Credit Crunch´ has seriously affected these markets more than some others.

Other areas of little or no price increase has been on the upper Mid-West, in particular Michigan, where much of the economy relies on manafacturing and the auto industry. Rising unemployment and a depressed construction industry make for some gloomy forcasts.

These figure are for 2007 and do not reflect the current market, where S&P are reporting some metropolitan areas are falling at over 20% pa and one area saw property values drop 5% in one month!

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