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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.

 

Steve Martel
Steve Martel is a serial 8-figures/yr business magnet, real estate mogul, millionaire philanthropist, author, educator, public figure & happily married father of 4 little munchkins under 10. His teachings and concepts have revolutionised the lives of over 100,000 entrepreneurs around the world and he has consulted 428 clients who’ve collectively created businesses worth over $560 million in the last 5 years alone.