According to the National Association of Realtors®, several housing markets still showed double-digit increases in sales prices from last year despite the country’s overall real estate slump. Topping the list were Salt Lake City, Utah (21.9 percent increase), Binghamton, N.Y. (19.8), Salem, Ore. (16.7), and Farmington, N.M. (14.0). Additionally, real estate sales continued to grow in specific U.S. regions, with Washington state the winning region. A CNN Money article highlighting economic research by FiServ and Moody’s economy.com, reports that 9 of the top-15 most appreciable cities in the nation are nestled up in the “Evergreen State.” All are projected to have experienced a 10%-17% appreciation through 2007.
Read More...