1 yr. home price change
: +5.7% Median home price
: $522,000 Unemployment rate
: 6.4% (14th lowest)
Hawaii has the highest median home price of any state by a wide margin. That is even after home prices fell 20.4% between the 2007 housing market peak through the first quarter of this year. Forecasts, however, show that the recent improvement should moderate. Corelogic predicts home prices will rise 3.2% between the first quarter of next year and the first quarter of 2014. That ranks Hawaii No. 28 among all states. The value of a home in Hawaii is predicted to rise 3% on an annualized basis between the first quarter of 2012 and the first quarter of 2017, only the 35th highest increase among all states.
(iStock Photo) More From 24/7 Wall St.
: America’s 10 Disappearing Jobs Cities with the Most Homes in Foreclosure American Cities Adding the Most Jobs The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.