Top 10 Housing Markets To Strengthen by 2014
Friday, October 1, 2010
2. Oregon
Biggest home price increase projected in 2014: Bend metro
Forecast 4-year price increase: 33.6 percent
Current median price: $144,533*
Prices to reach trough in: 2011 Q1
Median family income: $58,200
Population: 158,630
3. Michigan
Biggest home price increase projected in 2014: Detroit-Livonia-Dearborn metro
Forecast 4-year price increase: 33.1 percent
Current median price: $51,000
Prices to reach trough in: 2011 Q2
Median family income: $54,400
Population: 1,925,850
4. California
Biggest home price increase projected in 2014: Napa metro
Forecast 4-year price increase: 31.7 percent
Current median price: $355,000
Prices to reach trough in: 2010 Q4
Median family income: $79,600
Population: 134,650
5. Nevada
Biggest home price increase projected in 2014: Carson City metro
Forecast 4-year price increase: 31.6 percent
Current median price: $141,524*
Prices to reach trough in: 2011 Q2
Median family income: $63,100
Population: 55,180
6. Florida
Biggest home price increase projected in 2014: Panama City-Lynn Haven-Panama City Beach metro
Forecast 4-year price increase: 26.9 percent
Current median price: $158,669*
Prices to reach trough in: 2010 Q3
Median family income: $53,800
Population: 164,770
7. Arizona
Biggest home price increase projected in 2014: Flagstaff metro
Forecast 4-year price increase: 26 percent
Current median price: $278,000
Prices to reach trough in: 2011 Q3
Median family income: $56,700
Population: 129,850
8. New Mexico
Biggest home price increase projected in 2014: Santa Fe metro
Forecast 4-year price increase: 25.8 percent
Current median price: $197,601*
Prices to reach trough in: 2010 Q3
Median family income: $64,300
Population: 147,530
9. Wyoming
Biggest home price increase projected in 2014: Cheyenne metro
Forecast 4-year price increase: 23.7 percent
Current median price: $106,602*
Prices to reach trough in: 2010 Q1
Median family income: $62,600
Population: 88,850
10. Alaska
Biggest home price increase projected in 2014: Anchorage metro
Forecast 4-year price increase: 20 percent
Current median price: $177,699*
Prices to reach trough in: 2010 Q1
Median family income: $77,700
Population: 374,550
1. Washington
Biggest home price increase projected in 2014: Bremerton-Silverdale metro
Forecast 4-year price increase: 44.7 percent
Current median price: $245,000
Prices to reach trough in: 2010 Q1
Median family income: $69,900
Population: 240,860
The Bremerton-Silverdale area, on Puget Sound's Kitsap Peninsula, has the highest growth forecast of all MSAs in the country, with prices expected to jump 44.7 percent by 2014, according to Fiserv. Cathy Doney, general manger for Reid Real Estate in Silverdale, says the waterfront community has benefited from government employment, which has helped sustain the job market, and attracted buyers looking to live close to Seattle at a lower cost.
Washington’s second-strongest market is Tacoma, with a growth rate expected to be 33.1 percent. Prices in the Seattle area are expected to grow 25.5 percent by 2014.
2. Oregon
Biggest home price increase projected in 2014: Bend metro
Forecast 4-year price increase: 33.6 percent
Current median price: $144,533
Prices to reach trough in: 2011 Q1
Median family income: $58,200
Population: 158,630
3. Michigan
Biggest home price increase projected in 2014: Detroit-Livonia-Dearborn metro
Forecast 4-year price increase: 33.1 percent
Current median price: $51,000
Prices to reach trough in: 2011 Q2
Median family income: $54,400
Population: 1,925,850
4. California
Biggest home price increase projected in 2014: Napa metro
Forecast 4-year price increase: 31.7 percent
Current median price: $355,000
Prices to reach trough in: 2010 Q4
Median family income: $79,600
Population: 134,650
5. Nevada
Biggest home price increase projected in 2014: Carson City metro
Forecast 4-year price increase: 31.6 percent
Current median price: $141,524
Prices to reach trough in: 2011 Q2
Median family income: $63,100
Population: 55,180
6. Florida
Biggest home price increase projected in 2014: Panama City-Lynn Haven-Panama City Beach
Forecast 4-year price increase: 26.9 percent
Current median price: $158,669
Prices to reach trough in: 2010 Q3
Median family income: $53,800
Population: 164,770
7. Arizona
Biggest home price increase projected in 2014: Flagstaff metro
Forecast 4-year price increase: 26 percent
Current median price: $278,000
Prices to reach trough in: 2011 Q3
Median family income: $56,700
Population: 129,850
8. New Mexico
Biggest home price increase projected in 2014: Santa Fe metro
Forecast 4-year price increase: 25.8 percent
Current median price: $197,601
Prices to reach trough in: 2010 Q3
Median family income: $64,300
Population: 147,530
9. Wyoming
Biggest home price increase projected in 2014: Cheyenne metro
Forecast 4-year price increase: 23.7 percent
Current median price: $106,602
Prices to reach trough in: 2010 Q1
Median family income: $62,600
Population: 88,850
10. Alaska
Biggest home price increase projected in 2014: Anchorage metro
Forecast 4-year price increase: 20 percent
Current median price: $177,699
Prices to reach trough in: 2010 Q1
Median family income: $77,700
Population: 374,550
"That is a beautiful shot with very good lighting ." about Women Consider Owning a Home to be a Vital Component of the American Dream
on Sunday, May 12, 2013 @ 9:57 AM
Chris White - Team Leader said
"Unfortunately you are not alone. It's more than an outcry. The powers that be really need to come down harder on Bofa than they already are. Working on these short sale for over 2 years now I've uncovered down right fraud happening on the lenders parts. If they cared more about moving this country forward than protecting their own wallets then they would cut the red tape and approve these short sales in a timely manner. Our team made the wise decision to get BofA loans which were FHA or Freddie Mac backed, approved prior to listing on the market. Then we can list the home as "Price Approved" and close in 30 days. In this instance BofA does a full appraisal, rather than an incompetent "Broker Price Opinion" (nothing against agents but they have no idea how to make adjustments on comparable homes) and then the bank issues an "Approval To Participate" letter which dictates what price we can go on the market and take anything north of 88%. I really do hope your situation improves. " about Congressional Bill to Speed Up Short Sales
on Tuesday, August 30, 2011 @ 9:15 AM
Lisa Zeiner said
"We made an offer 4 months ago to BofA, and have heard nothing. It was a cash offer which is better than the zero money they are collecting now. And since the people don't care they are trashing the place, by the time BofA gets around to it our offer will be gone as the place is a mess!! Septic issues now, garbage being dumnped. All of this could have been avoided if BofA really wanted to correct their cash flow problem and sell these properties in a timely manner. They cry about cash but then do nothing intelligent to fix the problem" about Congressional Bill to Speed Up Short Sales
on Tuesday, August 30, 2011 @ 9:06 AM
Jones Ramirez said
"Thank you for the work you have done into this post, it helps clear up a few questions I had." about How do appraiser’s determine a homes value?
on Tuesday, April 19, 2011 @ 10:07 PM
HollyRobsonf said
"Hey - I am certainly happy to find this. great job!" about Bank of America to Offer Principal Reduction to Underwater Borrowers
on Wednesday, April 13, 2011 @ 6:45 PM