What is Appreciation?
Appreciation is an increase in the value of an asset, in this case real estate, over time. Driving factors that may cause the increase are: increased demand or weakening supply, or as a result of changes in inflation or interest rates. This is the opposite of depreciation, which is a decrease over time. Obviously the Boise Real Estate market has seen some pretty serious decline in appreciation due to a multitude of factors.
Here is Idaho’s Chart on Appreciation from 1991 to 2009 Quarter 3
Click for larger view
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Aaron-thanks for all of your contributions
Great post with lots of great information. Sad to see that Idaho lost so much but hopefully the market turns around and the chart looks the exact opposite next year!