Monday, July 16, 2007

Richmond VA number 7 in the nation with 6.2 percent appreciation!

Forbes Magazine ranked Richmond, VA number 7 in the nation with 6.2 percent appreciation for the first quarter of 2007. Our median home price was $223,200. As per Forbes "What we're seeing now are the areas which still have a strong economy, but didn't have the overheated prices [during the housing boom], are the ones holding on strong now," says Kermit Baker, a senior research fellow at Harvard University's Joint Center for Housing Studies. Read more ...

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