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Housing prices skyrocket on Pacific Coast
[CITY Edition]
St. Petersburg Times - St. Petersburg, Fla.
Author: Bernice Stengle
Date: Aug 12, 1988
Start Page: 8.C
Section: BUSINESS
Text Word Count: 523
Abstract (Document Summary)

WASHINGTON - House prices and sales during the April-June period portray a booming economy on the Pacific Coast, some cooling in the once red-hot Northeast, resurgence in the Midwest and a hint of a turnaround in the Southwest, a trade group said Thursday.

The National Association of Realtors said that three California metropolitan areas - Anaheim-Santa Ana, Los Angeles and San Francisco - posted the highest house-price appreciation rates in the country.

A 20.1 percent rise in prices in the second quarter of this year over same period in 1987 made the Anaheim-Santa Ana area the costliest housing market in the nation. Median house prices there were $204,000.

Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
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