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HIGHEST HOME APPRECIATION IN TEXAS
SANTA ANA, CALIF. (First
American CoreLogic) –
Texas continues its trend of weathering the recession better than most
other states. The state’s major metros top the nation in home price
appreciation over the last year.
Austin–Round Rock
leads the country’s largest core-based statistical areas (CBSA) in home
price appreciation with a 3.7 percent increase in 2008, according to First
American CoreLogic.
Houston–Sugar
Land–Baytown experienced a price appreciation of 3.3 percent over the last
year, putting it right behind Austin–Round Rock.
Dallas-Plano-Irving
homes appreciated 1.92 percent and San Antonio’s homes 0.17 percent,
putting them third and fourth in the nation.
Only one other major
CBSA, Denver-Aurora, Colo., showed an increase in home price, according to
CoreLogic.
Of the 958 smaller
communities the study observed, College Station–Bryan experienced the
sixth highest home price appreciation, with an increase of 6.78 percent.
Overall, Texas homes
saw an appreciation of 1.83 percent in 2008, putting the Lone Star
State sixth among all state rankings.
Courtesy of
RECON
Real
Estate Center Online News
February 20, 2009
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