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Daily Real Estate News  |  August 15, 2008  |   10 Most Expensive States for Closing Costs
A slowing housing market isn’t stopping closing costs from rising, according to a study by Bankrate.com.

The 2007 average closing cost of $2,736 has gone up to an average of $3,118 in 2008, a 14 percent increase. New York City at $4,016 is the most expensive place to close. North Carolina is the least expensive area with an average fee of $2,650.

Here are the top 10 most expensive states to pay closing costs.
  1. New York: $4,016
  2. Texas: $3,975
  3. Florida: $3,683
  4. Oklahoma: $3,558
  5. New Mexico: $3,465
  6. New Jersey: $3,432
  7. Pennsylvania: $3,411
  8. Alaska: $3,409
  9. Colorado: $3,358
  10. California: $3,321

Source: Bankrate.com (08/07/08)

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