The Tale Of 10 Cities, No Boom So No Housing Bust

The Tale Of 10 Cities, No Boom So No Housing Bust

These cities have squeezed out an annual appreciation averaging 4% per year between 1968 and 2008. While the national average annual appreciation in home value has been 6% according the NAR. Could it be that markets that don't boom don't bust?

Texas posted 6 of the top favored cities:

1. Elmira, New York

2.Texarkana, Texas-Arkansas

3. Lake Charles, Louisiana

4. Odessa, Texas

5.Florence-, Alabama

6. Abilene, Texas

7. Waco, Texas

8. College-Station-Bryan, Texas

9. San Angelo, Texas

10. Great Falls, Montana

Collectively the 10 cities shared the following:

Annual Appreciation 3.1 – 4.5%

Unemployment 5 -10%

Foreclosure Rate .01 - .3%

Median Home Price 81K – 159K

Median Annual Income 47K -56K

This information is for the period through June 30, 2009

source: Wikipedia photo, NAR

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