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Toledo still lags in home price gains.

The Blade (Toledo, OH)

| June 01, 2007 | COPYRIGHT 2007 The Blade. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Gary T. Pakulski

Jun. 1--House prices in metro Toledo edged up slightly in early 2007, but home appreciation rates remain mired in the bottom fifth of U.S. cities, according to a new analysis of mortgage data.

The slight price increase -- 0.16 percent -- in the first quarter of 2007 over the year-earlier period was enough to bump the metro area to 232nd of 285 cities on a scale of home appreciation, the Office of Federal Housing Enterprise Oversight said yesterday.

That was 13 notches better than the 255th spot at the end of 2006.

Despite expectations of some in the housing industry that prices nationally would drop in the first…

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Source: HighBeam Research, Toledo still lags in home price gains.

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