Here is some good news on our local housing market – a bright spot in an otherwise dim economy. Note that nearby Biloxi, Mississippi is right at the top of the list!
Daily Real Estate News | November 17, 2008 | REALTOR Magazine
Top 10 Most Promising Housing Markets
Housing Predictor, which provides housing forecasts in 250 markets, has identified 10 markets where the regional economies are healthy and have strong potential for increasing prosperity. These housing markets have bucked the national trend in 2008 and avoided the subprime crisis, the consultancy says. Whatever the future holds for the housing market as a whole, Housing Predictor forecasts that these cities will continue to see steady, dependable growth.
Top cities and the percentage sales prices have increased so far in 2008.
- Biloxi, Miss., 4.9 percent
- Salem, Ore., 4.7 percent
- Bismarck, N.D., 4.6 percent
- Spokane, Wash., 4.4 percent
- Yakima, Wash., 4.1 percent
- Austin, Texas, 4.0 percent
- Grand Junction, Colo., 4.0 percent
- Fargo, N.D., 4.0 percent
- Mobile, Ala., 3.9 percent
- Albuquerque, N.M., 3.5 percent
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