Following on the heels of the Good News from CNN/MONEY,

MSNBC names Wilmington to the Top 2O Hottest Real Estate Markets

Read all about it Here:

http://www.msnbc.msn.com/id/8475859

the source of the data was the government's Office of Federal Housing Enterprise Oversight, http://www.ofheo.gov/
 
 
"Wilmington" is actually the Wilmington Metropolitan Statistical Area (MSA), which includes New Hanover, Pender, and Brunswick counties.
 
the Wilmington MSA ranked 16th in In the 2nd quarter 2006  in annualized appreciation, at 22.05%.  Its five-year appreciation rate (2001 to 2006) was  62.58%. The five-year appreciation rate (1996 to 2001) was listed at 27.8 percent. So, The ten-year appreciation rate owould equal 90.3 percent, or an average of 9 percent per year.