Housing prices better in Wyoming
Laramie, Wy – Wyoming continues to buck a national trend while much of the country struggles with falling home prices. A federal report compares the second quarters of 2007 and 2008. It shows Wyoming ranked second behind Oklahoma with a four-point-four percent appreciation rate in home prices. Jim Robinson of the state economic analysis division says that might not sound fantastic to Wyoming homeowners.
"We had a ten-year period when we were around eight to nine percent appreciation rate in housing prices. That has slowed down, but considering what has happened to other parts of the country, that's a pretty good story."
For example, California had the sharpest depreciation in home prices, dropping nearly 16 percent. Robinson says in July Wyoming also experienced its second month in a row of double-digit growth in home building permits.