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The graph below reveals that the regional housing market has weathered the current housing crisis relatively well compared to the state and nation.
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| Source: |
Federal Housing Finance Agency |
| Note 1: |
Blacksburg-Christiansburg-Radford MSA includes the Counties of Montgomery, Giles, Pulaski and the City of Radford. |
| Note 2: |
The HPI is a broad measure of the movement of single-family house prices. The HPI is a weighted, repeat-sales index, meaning that it measures average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac since January 1975. |