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by CareyBot

Median home values rose sharply between 2000 and 2005, with some of the highest increases rising more than 100 percent, according to new Census Bureau data released today. Along with rising values, monthly ownership costs have also increased nationwide, with the sharpest increases occurring in Detroit, Chicago and San Francisco. The real median home value in San Diego jumped from $249,000 to $567,000 between 2000 and 2005, the largest increase in the nation among big cities. Across the country, real median home values soared 32 percent, according to the American Community Survey data, collected in 2005. The survey is a first look at key housing information for many communities since Census 2000, when many housing markets started to boom with activity. Many markets across the country beg...