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Top 100 real estate markets in 2007

At the current Internet edition of Fortune magazine they're predicting the top 100 real estate markets for 2007.

"What will happen to the value of your home next year? We asked Moody's Economy.com and Fiserv Lending Solutions to crunch the numbers for the top 100 markets in the United States."

Nashville, Knoxville, and Memphis are picked numbers 12, 15, & 16 respectively.

What marvelous news; I knew our market was still pretty good but I'm delighted to see we're predicted to be number 15 of the 100 hottest US real estate markets in 2007!

Knoxville home prices are expected to rise a modest 3.5% in 07 which is right in line with our rate of appreciation for the past 10-15 years.

While the South is projected to be "strong" overall the West's predictions are titled "Chill on the Coast".

The Midwest is looking for "steady" and the Fortune experts say a "slowdown" is on the way for the Northeast.

A timely study and useful information if you have buyers or sellers wavering on making decisions. I'm calling all my buyer prospects waiting for lower prices and sharing this study with them.

Jim Lee, CRS, ABR, GRI, ACRE, NAR Certified e-PRO Trainer
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Posted by Jim Lee, Knoxville Tennessee Realtor® on 12/27/2006 04:36 PM

Comments (8)

top real estate markets, knoxville, tennessee

Originally posted at: Knoxville Tennessee real estate: Top 100 real estate markets in 2007

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8 Comments on Top 100 real estate markets in 2007

DEC

2006

Bless you for these encouraging words!!! Steady... that is fine for the midwest and Columbus! Congratulations on your strong...

Jim my your 2007 be very hot! And I will take steady that is good news for me too - good info!

Yes captain: Steady as she goes!

Interesting that Chicago is showing a 2% price increase...of course, that's based upon an average price of $280,000.

Naperville's average is closer to $500,000. I doubt that we'll see much if any price increase.

Yes captain: Steady as she goes!

Interesting that Chicago is showing a 2% price increase...of course, that's based upon an average price of $280,000.

Naperville's average is closer to $500,000. I doubt that we'll see much if any price increase.

DEC

2006

Be sure to read beyond the headlines. For The Southeast, the headline is "The housing market looks healthy for the region, which may boast 12 of the 20 hottest markets for 2007." Then you look down to Tampa/St Pete (#29) and see a -1.9% for 2007 and -2.8% for 2008. At least we're one of the top two of seven areas they mentioned in Florida. In order, they are: Jacksonville, Tampa/St Pete, Orlando, W Palm Beach/Boca, Ft Lauderdale, Sarasota/Bradenton, and Miami.

Sharon is right you really have to look at it more closely "The Northeast: Slowdown on the way" the top 4 markets in the Northeast are all in New York, Rochester, Buffalo, Syracuse, Albany and they look healthy even into 2008 despite being bunched under that headline.