The Home Front

Areas Where Home Prices Are Rising the Most

By Luke Mullins

Posted: May 22, 2008

While median American home values posted their steepest year-to-year drop in a dozen years during the first quarter of 2008, a number of areas actually reported increases, according to a report by Zillow.com. Of the 160 metro areas covered in the report, only 30 did not decline from the same period last year. Here are the best performers:

Region Median Price Year-Over-Year Change
Mobile, Ala. $120,500 11.8%
Jacksonville, N.C. $135,500 6.7%
Burlington, N.C. $132,500 6.3%
Yakima, Wash. $126,500 5.2%
Oklahoma City $104,500 5.0%
Pueblo, Colo. $121,500 4.9%
Winston-Salem, N.C. $133,000 4.7%
Redding, Calif. $279,000 4.5%
Raleigh-Cary, N.C. $220,000 3.8%
Grand Junction, Colo. $219,000 3.7%

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The Home Front

The Home Front

Associate Editor Luke Mullins tracks the treacherous housing market and explains how to unload a five-bedroom McMansion or even find that dream home.

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