Forbes magazine recently came out with a list of the strongest housing markets by metro area. To compile the list Fobes utilized stats from Moody's economy.com. According to Forbes,"Not one metro area will see prices increase before the end of this year, according to Zandi's forecasts. The strongest metro areas will be flat at best--but that's better than the 15% drop Moody's expects on average in the U.S. Prices won't start to pick up again until late this year or sometime next year even in the strongest markets.
The article compiled a list of the 25 strongest markets. Here is the list of the top ten:
1. McAllen, TX
2. Syracuse, NY
3. Pittsburg PA
4. Buffalo NY
5. El Paso TX
6. Tulsa OK
7. Houston TX
8. Charleston SC (Wha Whooo)
9. Litttle Rock AR
10. Birmingham AL
According to the article, Charleston's market is expected to bottom out late 2009 (better that most) and prices should only decrease around 1.1% overall. That is great compared to the 15% drop mentioned earlier.
For more information about real estate in the Charleston SC metro, contact Michael Johnson at 843-817-5299 or visit my website
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