BOISE – Boise, Idaho, just may be one of the best places to own a home.
According to a report by Bankrate.com, home values were up 7.6 percent nationally from the third quarter of 2011 to the same period in 2012. According to the National Association of Realtors, Boise was listed No. 4 in the five best markets were prices went up the fastest.
In Boise and Nampa, the median home price in third quarter of 2012 is $146,000, up 21.9 percent from last year.
Phoenix topped the list with a 34.9 percent increase with the median home price now locked in at $153,400. Cape Coral-Fort Myers, Florida, took second while Akron, Ohio came in third. Lansing-East Lansing, Mich., finished at No. 5.
Raleigh-Cary, North Carolina, made the No. 1 spot for the worst drops in home values with median home prices listed at $188,200, down from 16.1 percent.
York-Hanover, Penn., was second; Binghamton, New York, third; Madison, Wis., fourth; and Tallahassee, Fla., fifth.
Stephen Rockefeller, EastIdahoNews.com
Paul Menser, BizMojo Idaho