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14 Best Housing Markets In U.S. For The Next 5 Years.

14 Best Housing Markets Ranked By The Projected Annualized Change In Home Prices Between Q4 2012 and Q4 2017

Best Housing MarketsNational home prices are down 29.1% since  their Q1 2006 peak.

But over the next five years they are expected to rise 3.9%, according to the  latest CoreLogic  Case-Shiller report.

We drew on the latest data to identify the best housing markets for the next  five years.

The top 15 cities are ranked by the projected annualized change in home  prices between Q4 2012 and Q4 2017.

We also included the median home price, median household income, unemployment  rate, and the change in home prices since their peak, to offer a broader view of  the local economy and housing market.

Note: The median family income and home price is for Q4 2012.  Unemployment data is as of February 2013, and population data for the metros is  for 2011.

14. Brunswick, Georgia

14. Brunswick, Georgia

Annualized expected growth from Q4 2012 – Q4  2017: 7.0%

Home prices in the Brunswick metro area have plunged 27.7% since they  peaked in Q4 2007.

It has a population of 112,923, an unemployment rate of 9.4%, and a median  family income of $51,300 below the national median of $64,200.

Data provided by CoreLogic  Case-Shiller Indexes

13. Wilmington, North Carolina

Annualized expected growth from Q3 2012 – Q3 2017: 7.1%

Home prices in the Wilmington metro area are down 25.6% from their Q2 2007  peak.

The metro has a population of 369,685, an unemployment rate of 9.8%, and a  median family income of $61,100.

Data provided by CoreLogic  Case-Shiller Indexes

11. Columbus, Georgia (tie)

Annualized expected growth from Q4 2012 – Q4  2017: 7.2%

Home prices in the Columbus metro area have fallen 13.4% since their Q4  2007 peak.

It has a population of 301,439 and an unemployment rate of 8.6%. It also has  a median family income of $48,100.

Data provided by CoreLogic  Case-Shiller Indexes

11. Yakima, Washington (tie)

Annualized expected growth from Q4 2012 – Q4  2017: 7.2%

Home prices in Yakima are down 8.3% since their Q1 2009 peak. It has a median  home price of $175,000.

Yakima has a population of 247,141, an unemployment rate of 10.1%, and a  median family income of $49,300.

Data provided by CoreLogic  Case-Shiller Indexes

9. Niles-Benton Harbor, Michigan (tie)

Annualized expected growth from Q4 2012 – Q4 2017: 7.3%

Home prices in the Niles-Benton Harbor metro area have fallen 11.7% since  their Q1 2008 peak.

It has a population of 156,941, a median family income of $54,500, and an  unemployment rate of 8.6%.

Data provided by CoreLogic  Case-Shiller Indexes

9. Tucson, Arizona (tie)

Annualized expected growth from Q4 2012 – Q4 2017: 7.3%

Tucson’s home prices have plunged 38.6% since their Q1 2006 peak. The metro  has a median home price of $172,000.

It has a population of 989,569, a median family income of $58,100, and an  unemployment rate of 6.8%.

Data provided by CoreLogic  Case-Shiller Indexes

7. Poughkeepsie-Newburgh-Middletown, New York (tie)

7. Poughkeepsie-Newburgh-Middletown, New York (tie)

Annualized expected growth from Q4 2012 – Q4 2017: 7.4%

Home prices in the Poughkeepsie-Newburgh-Middletown metro area have  fallen 29.5% since their Q1 2006 peak, and the metro has a median home price of  $238,000.

It has a population of 672,871, an unemployment rate of 8.0%, and a median  household income of $85,500.

Data provided by CoreLogic  Case-Shiller Indexes

7. Yuma, Arizona (tie)

7. Yuma, Arizona (tie)

Google Maps

Annualized expected growth from Q4 2012 – Q4  2017: 7.4%

Home prices in Yuma have fallen 37.9% since their Q4 2006 peak.

It has a population of 200,870, an unemployment rate of 30.2%, nearly four  times the national average. It has a median family income of $46,400.

Data provided by CoreLogic  Case-Shiller Indexes

6. Reno-Sparks, Nevada

Annualized expected growth from Q4 2012 – Q4  2017: 7.7%

The Reno-Sparks metro area has a population of 429,606, a median family  income of $63,300, and an unemployment rate of 9.4%, higher than the national  unemployment rate of 7.6%.

Home prices are down 51.9% from their Q1 2006 peak, and the metro has a  median home price of $186,000.

Data provided by CoreLogic  Case-Shiller Indexes

5. Glens Falls, New York

5. Glens Falls, New York

Google Maps

Annualized expected growth from Q4 2012 – Q4 2017: 7.9%

Home prices in the Glens Falls metro area have fallen 8.3% since their Q1  2008 peak, and the metro has a median home price of $174,000.

It has a population of 128,996, an unemployment rate of 8.4% and a median  household income of $66,100.

Data provided by CoreLogic  Case-Shiller Indexes

4. Gulfport-Biloxi, Mississippi

4. Gulfport-Biloxi, Mississippi

Google Maps

Annualized expected growth from Q4 2012 – Q4 2017: 8.0%

Home prices in the Gulfport-Biloxi metro area have slipped 22.6% since their  Q4 2007 peak, and the metro has a median home price of $100,000.

It has a population of 253,511, an unemployment rate of 9.1% and a median  household income of $52,600.

Data provided by CoreLogic  Case-Shiller Indexes

3. Panama City-Lynn Haven-Panama City Beach,  Florida

3. Panama City-Lynn Haven-Panama City Beach, Florida

Wikimedia Commons

Annualized expected growth from Q4 2012 – Q4  2017: 8.9%

Home prices in the Panama City-Lynn Haven-Panama City Beach metro area have  fallen 40.5% since their Q1 2006 peak. It now has a median home price of  $139,000.

The metro has a population of 169,856, an unemployment rate of 7.2%, and a  median family income of $56,500.

Data provided by CoreLogic  Case-Shiller Indexes

2. Santa Fe, New Mexico

Annualized expected growth from Q4 2012 – Q4  2017: 9.0%

Santa Fe’s home prices have fallen 20.5% percent since their Q4 2007 peak.  The Sante Fe metro area has a population of 145,648, an unemployment rate of  5.4% below the national average, and a median household income of $59,800, below  the national median of $64,200.

Data provided by CoreLogic  Case-Shiller Indexes

1. Medford, Oregon

1. Medford, Oregon

Google Maps

Annualized expected growth from Q4 2012 – Q4 2017: 9.5%

Medford’s home prices have fallen 38.2% since their peak in Q2 2006. The  metro has a population of 204,822 and median family income of $50,300.

At 10.1% Medford’s unemployment rate is higher than the national average.

Data provided by CoreLogic  Case-Shiller Indexes

Read more:  http://www.businessinsider.com/best-housing-markets-for-five-years-2013-5?op=1#ixzz2UKcNRa8t

 

 

Shannon Biszantz

Posted by Shannon Biszantz

Real Estate Consultant at BiszantzConnection

If you choose me as your realtor, I will be by your side through all the steps of the buying/selling process. As my client, I will be primarily concerned with representing your needs.

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Shannon Biszantz

Shannon Biszantz

Shannon Biszantz reviews

CalBRE #01787015
16236 San Dieguito Road, Suite 4-12,
Rancho Santa Fe, CA 92067

Work Cell: 619-417-4655
Office: 858-755-0075




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