Uncategorized January 16, 2017

FHFA Index updates

I recently updated the FHFA stats for Boulder County and updated my chart of the appreciation of a $65,000 home in Boulder County from 1978 to the 3rd Quarter of 2016. After some further digging on the FHFA site, I was also able to add lines showing how that same 1978 $65,000 home would have appreciated as an average of the entire State of Colorado and as an average of the entire United States.

Some interesting things to see in this chart.  The average US home has just now topped the high point in values prior to the Great Recession. Contrast that with the average Boulder County home which has added just over $150,000 in value since the top prior to the Great Recession.

It’s also interesting to watch the different cycles in value for Colorado versus the US as a whole.  Colorado outperformed the US in the early 80’s while the US then outperformed Colorado from the mid 80’s through the mid 90’s. From the mid 90’s on, Colorado has outperformed the US. No wonder we’re such a happy place to live.

I hope everyone has a very happy & prosperous 2017.