Many U.S. markets that avoided the housing boom are now seeing the greatest growth in home values

BuzzBuzzHome
August 17, 2009

Think you purchased a property at the wrong time? Think that you got stuck in the bubble-trap? Some places managed to avoid the bubble trap and now have strong housing markets relative to the greater real estate picture.

BusinessWeek and Zillow.com ranked urban areas based on the number of single-family homes with increased values in the second quarter, as compared to the same period last year (see the article here). They used the findings to determine the strongest housing markets in the country; as such, below are the top 10.

1. Boulder, CO
Share of homes with increasing values: 59.39%
Median value: $347,200
Annual change: 2.12%
Quarterly change: 3.86%

2. Spartanburg, SC
Share of homes with increasing values: 56.81%
Median value: $106,900
Annual change: 1.81%
Quarterly change: 2.15%

3. New Orleans, LA
Share of homes with increasing values: 53.62%
Median value: $148,000
Annual change: -0.61%
Quarterly change: 0.66%

4. Binghamton, NY
Share of homes with increasing values: 53.61%
Median value: $112,300
Annual change: 4.45%
Quarterly change: 1.54%

5. Fayetteville, NC
Share of homes with increasing values: 53.23%
Median value: $119,800
Annual change: 13.12%
Quarterly change: 2.22%

6. Pittsburgh, PA
Share of homes with increasing values: 48.80%
Median value: $108,700
Annual change: -2.89%
Quarterly change: 0.12%

7. Little Rock, AK
Share of homes with increasing values: 46.96%
Median value: $121,200
Annual change: 0.04%
Quarterly change: 2.55%

8. Gainesville, GA
Share of homes with increasing values: 46.63%
Median value: $139,100
Annual change: 4.18%
Quarterly change: 4.50%

9. Burlington, NC
Share of homes with increasing values: 45.41%
Median value: $125,200
Annual change: 4.61%
Quarterly change: 0.33%

10. Oklahoma City, OK
Share of homes with increasing values: 40.20%
Median value: $119,600
Annual change: 4.94%
Quarterly change: 1.85%

Matthew Slutsky
BuzzBuzzHome

Think that article was interesting? Then you might be interested in this one:
America’s Best And Worst Housing Markets – Top 5 and Bottom 5

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