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OFHEO Says Housing Appreciation Slows To A Meager 12%

Well, not exactly.

The OFHEO [1] press release said Housing Price Appreciation Slows From Record-Setting Pace, But Remains Strong [pdf] [2]

Key Stats:

The coasts are seeing the greatest rates of appreciation because there is less excess land, and therefore more price volatility.

US Census Division Map: Change in House Prices By Region

US Census Division Map: Change in House Prices By State