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Article: Lehigh Valley home sales still robust: It's above the national rate, but the 13.4 percent appreciation in prices in the April-to-June quarter is slower than a year earlier.
- Article from:
- The Morning Call (Allentown, PA)
- Article date:
- September 6, 2006
CopyrightCOPYRIGHT 2006 The Morning Call. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jeanne Bonner
Sep. 6--The Lehigh Valley was the third hottest housing market in the state from April to June, with home prices rising at a faster pace annually than the state and national rates. Prices of homes sold in the Lehigh Valley rose 13.4 percent on average during the period, according to a housing index released Tuesday by the Office of Federal Housing Enterprise Oversight. While that's much stronger than the Lehigh Valley norm of about 5 percent appreciation, it showed a slowing from last year. Home prices in the Valley rose 16.9 percent in the same period a year ago. Nationally, home prices rose about 10 percent year-over-year, down ...
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