According to a report on MSN Money in May, Burlington and South Burlington real estate prices have increased by 51.11 percent over the last five years, and went up .97 percent in the first quarter of 2008 and .56 percent over the prior year. This is in contrast to a report by MSN Money last November that stated that the housing slump caused the area’s percentage loss in gross metropolitan product of – 0.7 percent with an overall impact of a loss of $63.4 million in the area.
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