New Mexico #1 in Top 25 Market Forecast
According to the “Housing Predictors, Top 25 Real Estate Market Forecast” Albuquerque, NM has been rated #1 in the Top 25 housing markets for appreciation. See article below:
“Driven by strong local economies the Top 25 housing markets with the highest forecast appreciation at the mid-year point of 2007 are further proof that all real estate is local in nature, and that despite news reports that the entire nation’s housing markets are depreciating, many states have housing markets that are appreciating strongly.
Fifteen states are now represented in the Top 25 markets, two more than at the start of 2007, including New Mexico. Albuquerque retains it’s #1 spot with a projected 9.1% in appreciation for the year. Growing McAllen, Texas is at second on the list with projected appreciation of 8.9% in 2007.
Housing Predictor’s 25 top markets have the highest probability of reaching their forecast appreciation out of more than 250 local markets forecast.
The great majority of the real estate markets on the Top 25 List are in the southern half of the nation. But bursting New York City and Spokane, Washington were added to the list at the mid-year update. Six Texas markets made the top 25.
Salt Lake City, Utah captured third due in part to Californians fleeing the Golden State. More Californians are actively looking to move out of the sunshine state than in the state’s history.”
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|---|---|---|---|---|---|
| Rank | Real Estate Market | Median Price |
2007 Forecast | ||
| 1. | Albuquerque, NM | $194,000 | 9.1% | ||
| 2. | McAllen, TX | $112,000 | 8.9% | ||
| 3. | Salt Lake City, UT | $241,000 | 8.6% | ||
| 4. | Austin, TX | $174,000 | 8.4% | ||
| 5. | Seattle, WA | $380,000 | 8.2% | ||
| 6. | Houston, TX | $148,000 | 7.8% | ||
| 7. | Biloxi, MS | $204,000 | 7.5% | ||
| 8. | El Paso, TX | $132,000 | 7.2% | ||
| 9. | Nashville, TN | $155,000 | 6.9% | ||
| 10. | Portland, OR | $241,000 | 6.7% | ||
| 11. | San Antonio, TX | $154,000 | 6.5% | ||
| 12. | Las Cruces, NM | $ 154,000 | 6.4% | ||
| 13. | Little Rock, AR | $117,000 | 6.4% | ||
| 14. | Dallas, TX | $161,000 | 6.4% | ||
| 15. | Monroe, LA | $164,000 | 6.3% | ||
| 16. | Boise, ID | $162,000 | 6.1% | ||
| 17. | Jackson, MS | $137,000 | 6.1% | ||
| 18. | New York, NY | $535,000 | 6.0% | ||
| 19. | Raleigh, NC | $239,000 | 5.9% | ||
| 20. | Newport, NC | $208,000 | 5.8% | ||
| 21. | Fort Smith, AR | $112,000 | 5.8% | ||
| 22. | Spokane, WA | $178,000 | 5.8% | ||
| 23. | Charlotte, NC | $235,000 | 5.7% | ||
| 24. | Bar Harbor, ME | $398,000 | 5.5% | ||
| 25. | Hot Springs, AR | $159,000 | 5.4% | ||
Source: http://www.housingpredictor.com/top25.html
Kevin King said,
July 5, 2007 @ 10:42 pm
Fort Smith, AR #21 Yee Hah! It’s about time… we’ve been the best kept secret for too long! Bring on the appreciation. See the article on “Why would anyone from California want to move to Arkansas” at www.kingrealtygroup.net/blog