Austin #7 in Home Price Jump

Austin No. 7 nationally in home price jump

Austin Business Journal

Date: Tuesday, December 11, 2012, 6:54am CST

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Austin home prices have risen 2.97 percent in the last year.

Home prices jumped 2.97 percent in Austin between the third quarters of 2011 and 2012, the seventh-highest change in the nation.

Using the Federal Housing Finance Agency scale that holds 1991's home prices at 100, Austin's prices rose from 196 on the index in the third quarter of 2011 to 201.83 in the third quarter of 2012,according to On Numbers.

The cities with prices that increased faster than Austin include Phoenix (9.53 percent); Cape Coral-Ft. Myers, Fla. (7.57 percent); Boise, Idaho (6.7 percent); Bakersfield, Calif. (4.47 percent); San Jose, Calif. (3.45 percent); and Modesto, Calif. (3.32 percent).

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