The California-based risk management and valuation service provider says its analysis shows Texas cities leading the nation, with home prices in these areas expected to post the biggest gains in the months ahead.
BABY!
"Texas is looking strong, with four of the top ten markets in the appreciation forecast," said Eric Fox, Veros' VP of statistical and economic modeling.
Projected Five Strongest Markets
•1. Houston/Sugar Land/Baytown, Texas +3.8%
•2. Dallas/Fort Worth/Arlington, Texas +2.7%
•3. Amarillo, Texas +2.7% This is my Market! Not bad to be #3 in the Nation!!! www.reamarillo.com
•4. Anchorage, Alaska +2.7%
•5. Davenport/Moline/Rock Island, Iowa-Illinois +2.7%
In marked contrast to the forecast for Texas, the outlook for Florida remains weak, but Fox says there is some improvement in negative growth markets in the Sunshine State.
"For example, the Daytona area was at -8.3 percent last quarter and this forecast shows an improved change to -6.0 percent," Fox explained. "There are more Florida communities on the weakest market list this time, but they appear to be depreciating at a reduced rate."
Projected Five Weakest Markets
•1. Port St. Lucie/Fort Pierce, Florida -7.2%
•2. Reno/Sparks, Nevada -7.0%
•3. Orlando/Kissimmee, Florida -6.3%
•4. Las Vegas/Paradise, Nevada -6.1%
•5. Deltona/Daytona/Ormond Beach, Florida -6.0%
For more information visit http://www.veros.com/vvforecast.html
Its good to live in TEXAS!
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