Here is a summary of the national housing market in 2007. Housing prices fell nearly 4 percent in ’07 / nwi.com
Real Estate is highly local. National trends are simply averages of the whole nation. Each state has its own board of realtors, and each state is different.
Every month, the Virginia Association of Realtors releases a report about the state of the housing marketing and housing prices in Virginia, and then on a monthly basis, the Richmond area has it’s report of their housing prices. Check the category Virginia Market to read recent reports.