FreddieMac.com - "Higher Mortgage Rates are Slowing Down Home Price Growth" (6-5-06)

"First Quarter 2006 Appreciation Slows To 8.7 Percent On An Annualized Basis."

"The Pacific states posted the strongest home-value appreciation in the U.S., with quarterly appreciation of 13.3 percent at an annualized rate during the first quarter, followed by the South Atlantic region with gains of 12.7 percent. The Middle Atlantic region came next, with gains of 9.8 percent. The Mountain states experienced average price growth of nine percent with the West South Central states after that with 8.6 percent growth. The East South Central division saw an increase of 5.7 percent while New England had gains of 5.2 percent. The East North Central states had the second slowest annual appreciation of three percent annually. Finally, the West North Central states came in last with a growth rate of only 2.5 percent."



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