The state's 18% gain is more than double the U.S. average. California shows a rise of 4.6% in the fourth quarter.From Bloomberg News
March 2, 2007
The real estate boom has gone West. And Northwest.
The state with the fastest-growing home prices in the fourth quarter was Utah, at 18%, more than double the U.S. average, a government report showed Thursday. Wyoming was No. 2 at 14.3% and Idaho was third at 14%. Washington gained 13.7%, and Oregon was fifth at 13.5%.
California came in at No. 35, with a gain of 4.6%, compared with 21% a year earlier.
Nationally, the real estate market stagnated, with a gain of 5.87% from a year earlier, the slowest pace since 1999, the Washington-based Office of Federal Housing Enterprise Oversight said. The report doesn't give an average price, only the percentage change. The West and Northwest benefited from strong job markets, more affordable housing, population growth and vacation home sales. Read more here ...
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