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Wednesday, October 04, 2006

Housing bubble floats by Ohio - click here for full article

Census report shows increase in home values trails 44 other states
By Katie Byard and David Knox
Beacon Journal staff writers

Housing boom? What housing boom?
Ohioans get to ask that question because the median value of a home here is up less than 14 percent in the past five years -- well under half of the national average, according to the latest Census report.

California saw the most dramatic spike, with the median value of a home more than doubling to $447,700 between 2000 and 2005.
Ten other states, including seven on the East Coast, posted increases of more than 50 percent, the Census reported today.

Ohio's relatively modest change in home value -- from $113,924 in 2000 to $129,600 last year -- ranked 45th among the 50 states.


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