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Home
prices: What's up in your city
Metro areas on both coasts dominate the rising home-price derby. Only two
of the 25 cities -- Phoenix and Las Vegas -- with the highest percentage
change in median home prices in 2002-03 were from interior states,
according to data prepared for Kiplinger's by consulting firm Global
Insight.
Where are home prices headed in your area?
Here are the one-, three- and five-year appreciation rates for more than
300 metropolitan areas across the United States.
Choose a State:
Alaska thru
Mississippi |
Montana thru Wyoming
For increases from the median in 2003 to the median in 2004, Global
Insight is predicting the top areas will be better dispersed across the
country, split about evenly between coastal and noncoastal areas.
Cities such as Santa Fe, N.M., Denver and Pittsburgh will be near the top
of the pack with price increases of about 4%, predicts Global Insight. The
firm also says that some of the boom regions in 2003 will be laggards in
2004. Areas such as Fort Lauderdale and West Palm Beach, for example,
which recorded increases of about 9% from 2002 to 2003, will barely budge
in 2004.
Some areas that have traditionally been in the forefront of rising prices
have finally slowed down. San Francisco has the highest median home price,
about $576,000, and also has one of the highest five-year percentage
changes, at about 63%. But prices there rose only about 3% from 2002 to
2003. Likewise, Boston's wild price increases of the past five years,
totaling 66%, appear to have calmed down.
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