City Led Nation In Home-Price Appreciation

The Yuma Sun reports that home price appreciation in Yuma grew faster than any other city in the nation during the second quarter of this year, according to Realtor Magazine online.

Yuma experienced an average home-appreciation of 36 percent in the year ending in the second quarter of 2005, according to the Office of Federal Housing Enterprise Oversight's Home Price Index.

The city's home prices have appreciated 67.3 percent in the past five years. "I'm not surprised with the way the market has been," said Shelley Ostrowski, president of the Yuma Association of Realtors. Ostrowski said she personally closed on houses that sold for $135,000 a year ago that are now listed at more than $235,000. More...