Kiplinger, a Washington D.C. based business and economic forecaster, is reporting that the Cape Coral-Fort Myers statistical area is leading the nation in increased home prices with populations of at least 200,000.
It's a stark turnaround for what was once the poster child for both the housing bust and the recession.
Their data reflects a one-year period through Sept 30, 2011, when the median home price was $171,250.
Kiplinger is reporting the median home price is $100,000 for the Cape Coral-Fort Myers area, a 12.1 percent increase from 2010 through 2011, but still down 63.4 percent from the peak of the housing boom.
It's a stark turnaround for what was once the poster child for both the housing bust and the recession.
Their data reflects a one-year period through Sept 30, 2011, when the median home price was $171,250.
Kiplinger is reporting the median home price is $100,000 for the Cape Coral-Fort Myers area, a 12.1 percent increase from 2010 through 2011, but still down 63.4 percent from the peak of the housing boom.
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