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Wartime economy boosts real estate near bases

CLARKSVILLE, Tenn. (AP) - While overall national home prices and
sales are down, there are pockets in the U.S. that are doing well,
including military towns dominated by big bases.

The Associated Press reviewed housing data in four states with big military bases and found nearby communities fared better than national averages.

In Clarksville, Tenn., next to Fort Campbell, the average sales prices for single family homes increased about 6 percent in the second quarter of 2008.

The big post straddles the Tennessee-Kentucky line, northwest of Nashville.

Eglin Air Force Base personnel said the downturn made it easier for them to buy homes in the Florida panhandle.

In Fayetteville, N.C., outside of Fort Bragg, sale prices are down slightly this year for new homes but higher for the larger stock of existing homes.


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