Tri-Cities area home appreciation ranked 25th in the nation

The Tri-Cities was ranked 25th in the country for housing price appreciation in the Federal Housing Finance Agency’s fourth quarter 2008 report.

The Tri-Cities home prices reportedly showed a 1.73 percent appreciation rate from the third quarter of 2008 to the fourth, and a 2.3 percent growth when comparing fourth quarter 2008 to the same time in 2007, according to the FHFA. That includes home purchases and refinancing.

U.S. housing prices, including purchases and refinances, declined 0.2 percent in the fourth quarter, and 4.5 percent from the year prior according to the FHFA.

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