Areas that have seen no hiccup in the real estate bust.

By
Services for Real Estate Pros with BeatYouThere.com
I know that some areas have been hit harder than others in the real estate bust, but what areas have thrived in the past years?
Boise.
Austin.
New York City.

Who has other first hand input on areas that they are involved in that they have seen thrive over the past few years?

I know first hand about the New York City market and there are hundreds of different factors on why that area is doing so well.  One of the main reasons is WALL STREET.  This was the reason that last year was the biggest year for Manhattan real estate.  BUT...what is going to happen this year with many of the mortgage backed securities tanking and many wall street funds going belly up?   I believe that Manhattan real estate will continue to do well but I do see it cooling off as the mortgage industry continues to plumit.  I am interested to hear the voices from people in the mortgage industry or people who work on wall street. 


Comments (6)

Angelo Mozilo
Housing Blog - Hermosa Beach, CA

Boise is having trouble. I own a house there and have many friends from that area. A lot of vacant homes on the market...that means investors and I would expect rising foreclosures. Boise gets everything late and housing was no exception. Boise peaked 05-06 and didnt start to have trouble until '07.

Just read an article on Austin and it has been way overbuilt as well.

 

Aug 05, 2007 06:34 AM
Michael Eisenberg
eXp Realty - Bellingham, WA
Bellingham Real Estate Guy
The northwest in general is doing well. Bellingham WA residential real estate is up 6% this year
Aug 05, 2007 07:38 AM
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro
  It is maybe a little slower in the Houston area; I hear that the market below $150,000 is the slow market.  We really didn't have that much to go bust as we have not had the huge increase that lots of the rest of the country has had.  I personally have been fairly busy.
Aug 05, 2007 11:25 AM
Peter M . Christopher
Fairfield County Home Inspection LLC - Fairfield, CT
Residential & Commercial Inspections in
Welcome to A/R You will find this is a great place to network.
Aug 05, 2007 11:38 AM
Ryan Case
Pacific Servicing - Temecula, CA
Our markets in Southern California Have tanked The only strong market would be parts of Los Angeles such as Beverly Hills, Bel Air, Malibu, And Exclusive Areas. There will always be a need for housing in these areas as they are movie star and celeb hot spots. But Hollywood Hills, Marina Del Rey, Manhattan Beach have all dropped a bit due to a huge supply of homes to choose from
Aug 07, 2007 09:46 AM
Anonymous
mickey

there is no market that hasnt dropped! you tell me one that has actually increased in the last year and I will call you a idiot. Mortgage market directly effects a real estate market, if you dont know that then learn it because that is how you can foresee crazy market crashes and know when to get out.

My favorite is all the people that saw the fed raise rate 8 times in a row and still continued to try to buy houses to flip or for investment. fucking idiots. next time the fed does that you sell every house you own! that is how you get ahead. Good luck guys!

 

my 2 cents

Sep 11, 2007 09:42 AM
#6