GREAT POSITIVE NEWS FOR OUR HOUSING MARKET!

We made another good "TOP" list! Mobile ranks #6! Not only that, but Alabama has 4 of the top 20 Metropolitan Areas With the Highest Rates of House Price Appriciation - according to the Federal Housing Finace Agency News Release. This is page 31 of the report. If someone can tell me how to upload a PDF to this blog I will upload the entire report for anyone that wants to see it.

*Top 20 Metropolitan Statistical Areas and Divisions With Highest Rates of

House Price Appreciation

Percent Change in House Prices with MSA Rankings

Period Ended September 30, 2008

(Estimates use all-transactions HPI which includes purchase and refinance mortgages

MSA National
Ranking**/1-Yr./Qtr./5-Yr.

Austin-Round Rock, TX 1 /5.62/ 1.69 /35.32

Augusta-Richmond County, GA-SC 2 /5.48 /2.00/ 38.97

Rapid City, SD 3 /5.43 /0.74 /29.67

Houma-Bayou Cane-Thibodaux, LA 4 /5.18/ -1.64/ 43.28

Houston-Sugar Land-Baytown, TX 5 /5.17/ 1.49 /27.10

Mobile, AL 6/ 4.97/ 2.49 /41.92

Grand Junction, CO 7/ 4.67/ 1.21/ 66.11

Logan, UT-ID 8 /4.55 /1.11/ 34.25

Greenville-Mouldin-Easley, SC 9/ 4.55 /-0.61 /22.63

Decatur, AL 10 /4.21 /-0.48 /22.97

Spartanburg, SC 11/ 4.12 / 2.20 /16.64

Huntsville, AL 12 /4.12 /0.51 /31.51

Kennewick-Pasco-Richland, WA 13 /4.11 /0.80 /20.05

Kingsport-Bristol-Bristol, TN-VA 14 /3.93 /0.69 /32.41

Raleigh-Cary, NC 15 /3.84 /0.41 /27.81

Florence, SC 16 /3.74 /-0.30 /22.86

Hickory-Lenoir-Morganton, NC 17 /3.68 /1.87 /20.38

Macon, GA 18 /3.47 /3.64 /21.51

Lubbock, TX 19 /3.20 /0.62 /18.91

Tuscaloosa, AL 20 /3.14/ -0.14 /28.42

*For composition of metropolitan statistical areas and divisions see http://www.whitehouse.gov/omb/20bulletins/fy2008/b08-01.pdf or see FHFA HPI FAQ #7 for more information.

**Note: Rankings based on annual percentage change for all MSAs containing at least 15,000 transactions over the last 10 years.

For a Look at What Others Are Saying About Mobile Alabama Real Estate

Money Magazine

Forbes

Entrepreneurs

Best Cities

GDI-Solutions

The University of South Alabama