FSD,
On the entry level homes we had nearly 40% appreciation at least in my area. I dont care what the statistics say. I can provide real examples of homes with that much apprecitiation.
In my area a house that sold for $740,000 (March 2003) closed exactly 1 year and 21 days later for $1M (Early April 2004). That is an increase of 35% for the same house with no changes made. Less expensive homes had even higher % gains as everything jumped by $100,000 or more almost overnite.
BTW, that house would have a very hard time selling for $1M today.
