Originally published August 28 2005
Housing prices hit all-time high
by Mike Adams, the Health Ranger, NaturalNews Editor
Home prices set a record over the past year, according to a recent CNN Money report.
In its quarterly survey, NAR found that U.S. home prices rose at an annual rate of 13.6 percent, to a median price of $208,300.
Of the 149 metro areas surveyed, 67 showed gains of more than 10 percent.
The Phoenix market, up 47 percent since the second quarter of 2004, led all metro areas.
The median home price there is $243,400.
Seven metro areas posted price declines; the most severe was in the Kalamazoo/Portage area of Michigan, where home prices have declined 3.7 percent, to $122,600.
The lowest priced market was Danville, Illinois.
Though that's up 16.9 percent from the second quarter a year ago.
The table below is based on data for the second quarter from the NAR released on Aug. 15.
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