Ten Hottest Buyers Markets To Be Announced By Housing Predictor
Ten Hottest Buyers Markets To Be Announced By Housing Predictor
Housing Predictor, which forecasts the housing market
futures in all 50 U.S. states, will announce its 10 Hottest Buyers Real Estate
Markets in 2007 for investing in homes, condos, and townhouses.
Housing Predictor is an independent website that forecasts housing markets in
more than 250 local housing markets throughout the U.S.
The increase in foreclosures, the crisis in the subprime lending market and
increasing troubles in the conventional mortgage markets, where notices of
default has increased are making many local housing markets prices decline.
But there are still 13 states, most of which are located in the southern half
of the country, where housing markets remain strong and are appreciating.
The website has already named its Top 25 Markets for 2007 and its Worst 25
Markets for the year. But an increasing number of investors, many of whom are
new to investing in real estate, have requested the 10 Hottest Buyers Markets
forecast from the website’s economists. Housing Predictor is responding to
their requests with the upcoming forecasts.
Michigan’s real estate markets are in an all-out recession due to a declining
population resulting from job losses. Hawaii’s local markets have slowed as a
result of higher prices and the aftermath of an earthquake to hit the islands.
Many of California’s local housing markets are beginning to see daylight at the
end of the tunnel as more buyers turn out in the spring.
On the east coast, Florida’s markets are beginning to see pent up buyer
activity begin to turn the tide to more activity and increasing sales in many
markets with the exception of Miami and a few others in the state.
Texas is witnessing a booming real estate market that should last well into
2008 with population increases never experienced before.
Housing Predictor regularly surveys market activity throughout the U.S. to keep
the pulse on the housing market, and will name its 10 Hottest Buyers Markets
in April with the greatest likelihood of appreciation during the coming year.
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