Daily Real Estate News | January 19, 2011 | Best, Worst Real Estate Markets
More than 15 states are projected to experience housing inflation or appreciation during the year, according to Housing Predictor, which releases an annual report of its choices for best and worst housing markets.
The top five housing markets are:
1. Portland, Maine
2. Kansas City, Kan.
3. Tri-Cities, Wash.
4. Omaha, Neb.
5. Fargo, N.D.
However, not all markets will fare well in 2011, with the foreclosure crisis particularly still battering some areas as well as high unemployment and overbuilding during the boom era that has led to high home inventories.
The top 5 worst markets, according to Housing Predictor, are:
1. Bend, Ore.
2. Las Vegas
3. Atlantic City, N.J.
4. Miami, Fla.
5. Medford, Ore.
View all 25 best and 25 worst markets that made the list in the Housing Predictor report.
Source: "Best and Worst Real Estate Markets Announced in 2011," PR.com (Jan. 17, 2011)
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker
But in big states, you can not apply the one city to the rest of that state broad brush. Media Portland Maine housing price might be hovering around $180,000. In Aroostook County, same house has a price tag hanging from the chimey that says $80.000. Lopped off a $100,000. Same with Atlanta GA...not that same market in other corners of GA. But the public can get the impression it is like that all over. Maine is 46th LOWEST for FSSR related, caused sales. (Foreclosure, short sale, repossession).
Jan 27, 2011 02:34 AM
West Group Real Estate - Victor, ID
Harley Wilcox
Good Point Andrew. And this is one problem about reposting national news.
Jan 27, 2011 10:04 AM
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