Average U.S. home prices increased 12.95% between the fourth quarters of 2004 and 2005, according to a recently released report from the Office of Federal Housing Enterprise Oversight.
Arizona recorded the strongest one-year and quarterly growth at 34.9% and 6.99%, respectively. Florida followed with one-year growth of 26.8% and Q4 growth of 5.38%. Hawaii rounds out the top three at respective rates of 23.9% and 5.1%. The rankings are unchanged from the third quarter.