National stats:
Unrelenting demand in most locales is pushing resale housing to new volume and price peaks, the trade group reports show. Second-quarter sales are up 4.6% nationally...vs. a year earlier, on prices that have climbed 13.6%.... (http://www.jsonline.com/homes/buy/aug05/348904.asp)
Locally, Milwaukee housing is up 9.6% last 12 months, Madison (WI) up over 13%, same period.
Perhaps we have a misunderstanding here. When I began my original post to you with the statement "The increased price of homes is regional" I meant the increases that were causing the term "bubble" to be tossed around. Median increase seem to be about 12-17% with the higher median increases in the areas I mentioned and some truly outrageous increases in places like Boston, Cape Cod and the Suburbs of NYC as well as the west coast.