As the U.S. economy begins to cool, to a number of economists during the next year the prices of single family homes have started to predict only modest growth. General agreement that home prices 3 and 4%, which increased a respectable growth between the last five years, but will average less than 10% nationwide.
Ironically, the biggest slowdowns for the country that the five-year period the real estate market in New York, Los Angeles, and Las Vegas, including areas have seen is likely to take place. However, real estate price slump over the course of the next year to reach other parts of the country, as well as expected.
In an interesting twist, a number of real estate market in the past five years have been slow to buy your house prices will begin to see as the ability to upturns in the eyes of buyers increasingly Given the rising prices they pay in other areas unwilling to hold begins. In fact, areas that see the most rapid price rises may surprise you are predicting a number. For example, one of five top ten cities, Washington State, Wenatchee, a 16% gain over the next year led to expect to see are located. The nation's fastest growing real estate prices 21% on Panama City, Florida, is likely to occur. Surprisingly, El Centro only California cities listed in top ten markets, which should raise a number of eyebrows.
Awarded the double-digit growth again, but where 20% of America's most rapidly in the last five years, rising house prices to average growth for the top ten.
The other four are in the Mount Washington cities and their rates of growth (14%) Vernon, (13%) Yakima, Olympia (13%), and Spokane (12%). (14%) and Lakeland Ocala (13%): Two other Florida cities made the top ten list. Rounding out the top ten Flagstaff, Arizona (12%) was.
Country that is warm enough in the past several years, in fact in some areas of Santa Barbara, California, the 3% reduction in its average house price can see, such as price declines, the experience can begin. Las Vegas over the next year a similar price drop may be experiencing.
In the past five years being the slowest areas of the country was in the Midwest and South, and particularly Ohio and Indiana, which during the period 2001-2005 the contribution of five slow U.S. real estate market. For example, Lafayette, Indiana, 2.3% per year on average is only at that time, the country experienced by the real estate market represents an increase of only 10% on profit. The largest city in ten markets down Memphis, Tennessee, was according to the Census Bureau with a population of about 700,000.
Stated, it should be pointed out that many successful investors in those cities a lot of money that the label above the data down "ten." No matter what happens in the home market, smart investors know how to make money in real estate.
Seeing Science Everywhere
11 years ago
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