world markets about to collapse, page-43

re: property about to collapse (not the markets) Sushi1,

I appreciate your observations. They add to the currency of the debate.

The following figures reflect the state of US residential markets at the end of September 2003 (median housing prices):

Homeownership Rate* Existing Home Prices
Yr/Yr % Change Units (000's) % $ (000's)

Reading across, the figures reflect the following:
1)
State rank
2)
State identification
3)
annual YoY change in existing housing prices
4)
number of housing sales (preceding 12 months)
5)
home ownership rate
6)
median housing price (existing homes)

You will note from the figures that Hawaii ranks 10th, having seen prices rise by 24.05% in the 12 months to September 2003.

Home ownership rates in Hawaii approximate 57.4%.

The September 2003 median housing price in Hawaii was US$352,600 (or A$427,000 at today's exchange rates) and was based on 31,000 housing sales during the preceding 12 months.

Going around the country, the top 10 (most expensive) States are:
MASSACHUSETTS = $412K
HAWAII = $353K
CALIFORNIA = $333K
NEW HAMPSHIRE = $279K
NEW JERSEY = $267K
ARKANSAS = $253K
RHODE ISLAND = $247K
DISTRICT OF COLUMBIA = $244K
MARYLAND = $244K
CONNECTICUT = $235K

Going around the country, the top 10 (least expensive) States are:
OKLAHOMA = $103K
MISSISSIPPI = $104K
ALASKA = $109K
NORTH DAKOTA = $111K
IOWA = $115K
SOUTH DAKOTA = $115K
INDIANA = $118K
LOUISIANA = $119K
MISSOURI = $119K
KENTUCKY = $122K

TEXAS came in at $124K, ALABAMA @$126K, NEBRASKA @$127K, KANSAS @$130K, MONTANA @$138K, and UTAH @$160K.

These are state-wide median values, including CBD, metro, non-metro and rural. They are broadly comparable to Australia.

The individual state by state figures are, as follows:
1. NEVADA 38.11% 93.6 65.5 189.59
2. WASHINGTON 37.14% 191.12 67 222.21
3. ARIZONA 29.89% 230.04 65.9 153.31
4. SOUTH CAROLINA 27.55% 132.42 77.3 145.72
5. ALABAMA 27.10% 108.29 73.5 126
6. NORTH CAROLINA 27.02% 267.74 70 151.69
7. TENNESSEE 25.04% 172.24 70.1 131.26
8. NEW MEXICO 24.20% 39.01 70.3 136.72
9. IDAHO 24.18% 34.05 73 138.49
10. HAWAII 24.05% 31 57.4 352.6
11. DELAWARE 24.00% 10.23 75.6 161.28
12. NEBRASKA 23.68% 38.86 68.4 126.87
13. LOUISIANA 23.49% 97.03 67.1 118.55
14. OHIO 22.69% 233.08 72 135.68
15. MISSOURI 22.06% 145.38 74.6 119.09
16. NORTH DAKOTA 21.93% 13.29 69.5 110.76
17. KENTUCKY 21.88% 89.96 73.5 122.43
18. MISSISSIPPI 21.06% 55.59 74.8 104.36
19. DISTRICT OF COLUMBIA 20.24% 13.9 44.1 244.3
20. OKLAHOMA 20.04% 116.05 69.4 102.71
21. WEST VIRGINIA 19.47% 28.65 77 129.67
22. FLORIDA 19.47% 599.76 68.7 169.02
23. SOUTH DAKOTA 18.05% 19.75 71.5 115.74
24. OREGON 17.97% 72.27 66.2 205.25
25. CALIFORNIA 16.63% 621.09 58 333.42
26. VIRGINIA 15.40% 153.56 74.3 206.74
27. KANSAS 15.34% 78.65 70.2 130.3
28. MASSACHUSETTS 15.12% 85.89 62.7 412.41
29. MICHIGAN 15.05% 179.45 76 145.83
30. IOWA 14.40% 63.32 73.9 114.68
31. RHODE ISLAND 13.84% 17.69 59.6 246.78
32. MARYLAND 13.60% 119.97 72 243.72
33. ILLINOIS 13.35% 276.09 70.2 191.87
34. MONTANA 12.43% 23.42 69.3 138.19
35. WISCONSIN 12.27% 113.91 72 144.67
36. TEXAS 12.22% 577.42 63.8 124.21
37. MAINE 12.03% 35.38 73.9 202.95
38. GEORGIA 12.03% 177.95 71.7 142.35
39. CONNECTICUT 12.01% 48.11 71.6 234.79
40. ALASKA 11.68% 59.26 70.2 108.83
41. ARKANSAS 11.41% 20.11 67.3 253.33
42. COLORADO 11.16% 144.98 69.1 211.35
43. PENNSYLVANIA 11.11% 165.99 74 168.55
44. UTAH 10.75% 52.85 72.7 159.6
45. NEW HAMPSHIRE 9.44% 36.39 69.5 278.79
46. MINNESOTA 7.97% 150.55 77.3 172.51
47. NEW JERSEY 5.54% 121.69 67.2 267.27
48. INDIANA 4.73% 140.22 75 118.55
49. WYOMING 3.68% 13.23 72.8 140.03
50. VERMONT 3.64% 6.84 70.2 223.55
51 NEW YORK 2.80% 160.7 55 218.4