Investing in top appreciation areas.

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If you have a rental home in the East Bay you probably wont see more than a few percentage points of appreciation this next year. If you sold it and invested (1031 exchange) in lower priced faster appreciating areas, you would not only make more money on your investments, but also diversify your investments through multiple locations across the country, making your investment more secure. More secure because you will not have all your ‘eggs in one basket’ or have your investment tied to one market! Areas will appreciate at different rates 6% in one 12% in another and 5% in another. Overall diversification will protect you and net you more in profits.

Anyone reading the news would think the sky is falling in the housing market, but in many markets that’s definitely not the case.

BusinessWeek.com screened data from the NATIONAL ASSOCIATION OF REALTORS® to identify markets with the highest home-price appreciation during the second quarter. To eliminate markets that were undervalued to begin with, the magazine only considered cities that had a median home price higher than the national average of $227,500.

Nationally, home prices increased 3.7 percent in the second quarter. But these top 10 markets all saw prices climb at least three times faster than that:

  • Virginia Beach-Norfolk-Newport News (Va.-N.C.), up 23.6% from a year ago
  • Portland-Vancouver (Ore.), 19.1%
  • Tampa-St. Petersburg (Fla.), 18.8%
  • Eugene-Springfield (Ore.), 18.3%
  • Orlando (Fla.),17%
  • Los Angeles-Long Beach, 14.6%
  • Phoenix-Mesa (Ariz.),11.8%
  • Philadelphia-Camden-Wilmington (Pa.-N.J.-Del.), 11.4%
  • Hagerstown-Martinsburg (Md. -WVa.), 11.4%
  • Norwich-New London (Conn.), 11%

For more information on investing in appreciating areas throughout the country, contact us at 925.621.4064 or send an email to homes@MoxleyTeam.com.

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The Moxley Team   | September 8, 2006

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Moxley Team serves Pleasanton Home Buyers and Pleasanton Home Sellers. From Dublin Ranch Condos to Dublin Ranch Luxury Homes the Moxley Team of Alain Pinel in Pleasanton provides Home Buying Tools and Home Selling Tips. MoxleyTeam.com provides info from Pleasanton Home Sales to Dublin Ranch Developments, Dublin Ranch News and Foreclosures in Pleasanton and Short Sales in Dublin Ranch.