This appears to be REALLY GOOD NEWS for the real estate market in 2011 for most of the Country!
According to Vero Real Estate's VeroForecast and using what they call, "advanced analytics and micro-market data," this California-based company says that, "smaller cities seem to be faring best with housing prices right now, a trend that should continue for the rest of 2011".
Also cited in their report is that smaller metro markets with populations under 250,000 make up the majority of markets that are appreciating the best!
In addition, it seems that the South is recovering more quickly, in particular TEXAS, LOUISIANA and ARKANSAS.
They also pointed out in their report that 40% of all major metro markets are forecast to appreciate in the next 12 months and when you look at the next 12 - 24 months 60% of markets are expected to appreciate! Now That's Good News!!
So here are their projections for Top 5 and Bottom 5 Housing Markets in 2011:
5 Strongest U.S. Housing Markets: Dec. 2010-Dec. 2011
San Diego, Calif. +3.5%
Kennewick, Wash. +3.4%
Pittsburgh, Pa. +2.7%
Fargo, N.D. +2.6%
Washington, D.C. +2.5%
5 Weakest U.S. Housing Markets: Dec. 2010-Dec. 2011
Reno, Nev. -7.2%
Orlando, Fla. -6.5%
Boise City, Id. -6.4%
Daytona Beach, Fla. -6.3%
Port St. Lucie, Fla. -6.3%
If you would like information about the housing market in Central Louisiana call Paige Walker at Century 21 Millennium 318-308-2121 or 318-640-2121. Paige Walker is a licensed real estate Broker in the State of Louisiana.
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