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Five Texas Markets in Housing Predictor’s Top 10
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2 Comments ::  :: Real Estate, Market Analysis |
Housing Predictor's list of the Hottest 10 Buyers Markets in 2007 shows there are still strongly appreciating real estate markets in the U.S. - Especially TEXAS!
Five Texas real estate markets made the annual Housing Predictor Hottest 10 Buyers Markets forecast, with McAllen nabbing the second spot.
Other Texas markets to make the list were Austin (fifth), Houston (sixth), El Paso (eighth) and Dallas (tenth). Albuquerque, N.M., was named number one.
Housing Predictor’s selections are based on surveys of 75 out of more than 250 housing markets forecast on its website. The highest amount of forecast appreciation during the remainder of 2007 was given the heaviest weight in the survey. Market conditions, sales velocity, pricing and more than 20 other factors were also considered.
The Hottest 10 Buyers Markets represent growing local economies, which are sure to foster growth into 2008 and some even into the following decade.
To view the entire list, visit Housing Predictor online
In Houston there were gains in single-family housing permits at the higher-end of market, as the lower-end was hurt by the mortgage crisis.
Houston-area home starts fell 14.5 percent in the first quarter, as builders reined in construction amid a national housing slowdown and problems in the subprime lending industry, according to Houston-based Metrostudy, which is releasing the data today. Still, the numbers may sound worse than they are. Despite the slowdown, the first three months of the year were still the second-best first quarter in Houston's history for home construction at 10,727 starts. And new home closings were up by 3 percent.
The biggest drop in starts was in the lower-priced segment, which tends to draw more borrowers with marginal credit who don't qualify for so-called prime loans. Nearly 11 percent of the first-quarter starts were homes priced below $125,000, compared with 15.8 percent last year. The bulk of market share gains were for housing priced above $175,000, according to Metrostudy.
Single-family permit data, which generally exceeds starts, shows first-quarter increases in Fort Bend and Galveston counties, by 50 percent and 13 percent, respectively, according to the U.S. Bureau of Census and the Real Estate Center at Texas A&M University.
Housing Predictor May 2007
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By
@
Friday, May 11, 2007 12:47 PM |
No Slump Here: Some Markets Buck the Trend
While many housing markets across the country are dealing with drops in home prices and sales volume, there are lots of areas that are bucking the trend with healthy gains.
Among them: the Pacific Northwest, Idaho, Utah, New Mexico, and parts of Texas, Tennessee, Georgia, and the Carolinas, says Lawrence Yun, senior economist with the NATIONAL ASSOCIATION OF REALTORS®.
In Seattle, Coldwell Banker Bain Associates CEO William Riss says single-family homes are in high demand and will appreciate in value by 9 percent to 12 percent this year, following a 12 percent increase in 2006.
Seattle began recovering from a severe economic downturn toward the end of 2004, much later than most other markets, and has a limited supply of inventory due to zoning restrictions. It also is benefiting from the expansion of large employers, including Microsoft, and the exodus of buyers from pricey California into the region.
Another market bucking the downturn is Austin, Texas, where a growing number of reasonably priced townhomes and condominiums are attracting young professionals and empty nesters. Meanwhile, a robust job market and expanding technology sector are fueling sales and price gains in Salt Lake City.
Source: Investor's Business Daily, Marilyn Alva (05/04/07)
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By
RISMedia @
Friday, June 29, 2007 10:50 AM |
MOVE TO MOVE, TEXAS TOPS
Fort Worth–Arlington topped a recent list of “Best Cities for Relocating Families.” Two other Texas cities also made the list.
Fort Worth–Arlington was named number one for large metropolitan areas (those with populations of 1.2 million or more). Austin–Round Rock came in at number five.
Corpus Christi also ranked number five, but for cities with populations between 350,000 and 575,000.
The list was compiled by Worldwide ERC and Primacy Relocation. The organizations worked with Bert Sperling of Sperling's BestPlaces to rate cities based on factors such as home prices, home affordability index, appreciation rates, property taxes, recreation and leisure, arts and culture, air quality, watershed quality, sales tax and unemployment rate. |
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