The ten metro areas that enjoyed the greatest home-price increases over the past year (through June 30, 2009) largely missed the housing boom and didn’t indulge in subprime-lending excesses.
With no boom, these cities had no need to bust. Instead, their housing markets have plugged along at 4% annual price appreciation, below the national average of 6% annually between 1968 and 2008, according to the National Association of Realtors. Most of these areas are relatively small, with populations less than 200,000.
http://realestate.yahoo.com/promo/10-housing-markets-where-prices-have-gone-up.html
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