Strong Appreciation Heading to These Markets?
Get ready for another strong year in the housing market in some areas more than others! I know that while some of these markets listed below are going very strong, here in Las Vegas I feel that we are seeing a very stagnate housing market. We have not been seeing much change up or down in our area. I feel that since our down turn in housing market, we did appreciated quit a bit in the last couple of years. The price’s couldn’t keep going up or we would be right back to another “housing bubble”!
Here is some info on what’s going on in some other areas around the country….
More appreciation is coming this year in housing. Eighty-six percent of 333 metro areas housing markets are expected to increase in value over the next year, according to a new report by Veros Real Estate Solutions. Veros is forecasting annual appreciation to grow at 3.2 percent this year. The mortgage service firm recently raised its forecast over 2.4 percent appreciation originally projected nationwide for this year.
NAR Housing Reports
Midwest, West Lead Pending Home Sales
“Unemployment rates, housing supplies, and population trends remain the primary factors affecting the housing market,” says Eric Fox, Veros’ vice president of statistical and economic modeling. “Their impact is clearly reflected in the market forecasts for these coastal areas.”
Indeed, some housing markets will likely see appreciation more than double the national average this year. Veros projects the following markets to have the strongest appreciation this year:
- Santa Rosa-Petaluma, Calif.: 10%
- San Francisco-Oakland-Fremont, Calif.: 9.9%
- Denver-Aurora-Broomfield, Colo.: 9.3%
- San Jose-Sunnyvale-Santa Clara, Calif.: 9.2%
- Austin-Round Rock-San Marcos, Texas: 8.8%
- Santa Cruz-Watsonville, Calif.: 8.7%
- Vallejo-Fairfield, Calif.: 8.6%
- Salinas, Calif.: 8.5%
- Boulder, Colo. 8.4%
- Dallas-Fort Worth-Arlington, Texas: 8%
- Port St. Lucie, Fla.: 8%
- College Station-Bryan, Texas: 8%
Source: Veros Real Estate Solutions
