Oct
22

Real Estate Rebound Seen in Columbia’s Future

By
October 22, 2008

By Andrew Shain – The State

While home prices have fallen recently in the Midlands, Columbia is among 25 metro areas nationwide in great shape to rebound from the poor real estate market, a national magazine has concluded.

Smart Money, the monthly personal finance magazine from The Wall Street Journal, said these 25 cities “all show signs of life on the job and home-sales fronts, suggesting that their worst days are behind them.”

The magazine, in its November edition, looked for cities where home prices soared in 2002 and 2007, when the market boomed, but did not fall sharply this year, when housing tanked.

Columbia’s 27.9 percent average home-price growth between 2002 and 2007 was under the U.S. average of 40.5 percent, the magazine reported.

But Columbia’s year-to-date prices are up 1.7 percent versus a drop nationally of 1.7 percent.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.thestate.com/local/story/563085.html
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