In Resilient Markets, Housing Values Rise
Despite the seemingly endless news about falling home values, there are cities across the country where home prices are on the upswing.
Using data from Zillow.com, BusinessWeek magazine identified the strongest housing markets by ranking cities based on the share of single-family homes in which values rose in the second quarter of 2009 compared to the same quarter in 2008.
Here are the top-10 winners and the share of homes with increasing values:
1. Boulder, Colo., 60 percent
2. Spartanburg, S.C., 56.81 percent
3. New Orleans, 53.62 percent
4. Binghamton, N.Y., 53.61 percent
5. Fayetteville, N.C., 52.23 percent
6. Pittsburgh, 48.80 percent
7. Little Rock, Ark., 46.96 percent
8. Gainesville, Ga., 46.63 percent
9. Burlington, N.C., 45.41 percent
10. Oklahoma City, 40.20 percent
Source: Business Week, Prashant Gopal (08/12/2009)
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