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 May 05, 2007

Numbers show Small Home Price Drop
Home values in the United States have dropped slightly for two consecutive quarters when compared with prices in 2006.
The analysis utilizes data from 46 different metropolitan areas around the country. This includes the overall value of the homes in the area, not just the homes that have sold.

The only region in the country that is not experiencing a decline is the Pacific Northwest. Of the top 5 highest appreciating markets in the country, 4 of them are located in Oregon or Washington State. The region of the country that is experiencing the greatest amount of depreciation is the Gulf coast are of Florida.

The most expensive homes in the country (3 bedrooms, 2 baths, approx. 1500 SF) are located in Santa Barbara, California where the average price is around $816,000. The most affordable areas of the country are in the south and the Midwest. The area around Tulsa, Oklahoma shows the most affordable homes at around $97,000.

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