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Myrtle Beach Short and Long Term Real Estate Appreciation
Home Prices by City
By MSN Money staff
Appreciation in U.S. housing prices stayed just barely in positive territory in the second quarter, according to the Office of Federal Housing Enterprise Oversight.
Of 287 metro areas, however, 131 recorded decreases in house prices during the quarter, the OFHEO reported today. More than 60 recorded year-over-year decreases in prices. But over a five-year period, no metro area shows a decrease in prices.
Nationwide, prices were up 0.1% compared with the first quarter, the OFHEO said, and up 3.2% from the first quarter of 2006.
Findings of the report include:
* Florida and California are bearing the brunt of the current declines.
Of the 20 worst-performing markets over the past year, 18 are in those
states. Prices in the Merced, Calif., area have fallen 8.7% over the
past four quarters, worst of any metro area.
* As a region, New
England performed the worst for the quarter and for the past year,
declining 0.6% in the second quarter and rising just 0.51% over the
past four quarters. Over five years, though, the upper Midwest has
shown the smallest price growth, up just 22%, compared with New
England's 44.5% and the West Coast's 83.7%.
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