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Encouraging News About Home Prices in Some Metropolitan Areas

By
Real Estate Agent

 

 

An interesting report titled, "Where Home Prices Are Likely to Rise" has been released on Yahoo.com this morning.  Moody's Economy.com provided Forbes with data to forecast the housing prices in 40 of the country's largest metropolitan areas. 

The data is presented in the 1 Year (2009) and then projections for 3 Year (2009-2012), and 5 Year (2009-2014).

For those in the Sacramento metropolitan region, the numbers are as follows:

1 Year (2009)  - 21.43%
3 Year (2009-2012)  +6.79%
5 Year (2009-2014)  +12.87%

The report and accompanying slide show which provides data for the other 39 cities, is encouraging for many areas. 

To access this report, you can click on this link: "Where Home Prices Are Likely to Rise"

Posted by

Myrl Jeffcoat ActiveRain Signature
  

Comments(6)

Ann Allen Hoover
RE/MAX Advantage South - Hoover, AL
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

Hi Myrl, that's an interesting report......I didn't find Birmingham on the list.

Have a great weekend!

Ann

Sep 19, 2009 03:09 AM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

Myrl, Wow, It goes down so fast and comes back so slow...
What a great day to be alive,
Paul

Sep 19, 2009 08:22 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Ann - I swear that I lost all my old friends and am making new ones when I look at all the new pictures up on our profiles.  That's a great picture of you - I just need to get reacquainted. . .LOL

Paul - So true!  Five years into the future is an awfully long time to be projecting when it comes to housing though.  I remember when we came out of the housing crisis of the early 1990s, we had a slow projection back, and values nearly doubled in the next few years.  Prognosticators don't always know.

Sep 19, 2009 11:22 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Myrl - Very intrguing report.  I suppose in 5 years it will be interesting to see if they were right on target or missed the mark.

Sep 19, 2009 02:35 PM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Myrl - Very intrguing report.  I suppose in 5 years it will be interesting to see if they were right on target or missed the mark.

Sep 19, 2009 02:35 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Jennifer - Well the good news, is this blog will be archived on ActiveRain, so we can check back in 5 years and see:-)

Sep 19, 2009 03:09 PM