Friday, June 02, 2006
Buying a home in Orangeburg SC - best thing you could do- RENT? not if you can help it
U.S. home prices were 12.54% higher in the first quarter of 2006 than they were one year earlier. Appreciation for the most recent quarter was 2.03%, or an annualized rate of 8.12%. The quarterly rate is about one percentage point below the rate from the previous quarter and is the lowest rate since the first quarter of 2004. The figures were released Thursday by Office of Federal Housing Enterprise Oversight Acting Director James Lockhart, as part of the House Price Index (HPI), a quarterly report analyzing housing price appreciation trends. "These data show average housing prices still growing stronger than some might have expected," said Lockhart. "They do indicate, however, that price growth is moderating in some parts of the country, particularly in areas where prices have been rising the most."
