The 15 Best Housing Markets For The Next Five Years

by admin April 11, 2013

National estate rates are anticipated to climb 0.6 percent in the next year, according to the latest estate price report by Fiserv Case-Shiller.

But over the next 5 years, residence prices are expected to rise 3.3 percent.

We made use of Fiserv Case-Shiller’s most current information to determine the best real estate markets for the next five years.

The leading 15 cities are ranked by the projected annualized modification in residence rates in between Q3 2012 and Q3 2017.

We likewise included the median house price, mean home earnings, joblessness rate, and the modification in residence rates because their peak, to offer a wider view of the regional economy and real estate market.

Note: The mean household earnings and home price is for Q3 2012. Joblessness information is as of December 2012, and population information for the metros is for 2011. 

Norwich-New London, Connecticut

Annualized expected growth from 2012 – 2017: 
7.9 percent

Home costs in Norwich-New London have actually tumbled 23.4 percent since their Q2 2006 peak.

It’s a population of 273,502, an unemployment rate of 8.6 percent, and an average household income of $80,500, above the nationwide average of $63,800. It likewise has an average estate price of $225,000.

Data offered by Fiserv Case-Shiller Indexes

Tucson, Arizona

Annualized expected growth from 2012 – 2017: 
7.2 percent

Tucson’s house prices have actually plunged 40.4 percent since their Q1 2006 peak. The metro has an average home cost of $165,000.

It’s a population of 989,569, an average household income of $57,800, and an unemployment rate of 6.9 percent.

Data provided by Fiserv Case-Shiller Indexes

Visalia-Porterville, California

Annualized expected development from Q3 2012 – Q3 2017: 
7.2 percent

Home prices in the Visalia-Porterville metro area have plunged 52.9 percent because they came to a head in Q1 2006, and the city has a mean estate price of $145,000.

It’s a population of 449,253, a joblessness rate of 14.9 percent, and a median household earnings of $48,200 below the national median.

Data provided by Fiserv Case-Shiller Indexes