Tuesday 21 May 2013

The 14 Best Housing Markets For The Next Five Years


tuscon, arizona, catalina mountains
National home prices are down 29.1% since their Q1 2006 peak.
But over the next five years they are expected to rise 3.9%, according to the latest CoreLogic Case-Shiller report.
We drew on the latest data to identify the best housing markets for the next five years.
The top 15 cities are ranked by the projected annualized change in home prices between Q4 2012 and Q4 2017.
We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak, to offer a broader view of the local economy and housing market.
Note: The median family income and home price is for Q4 2012. Unemployment data is as of February 2013, and population data for the metros is for 2011.
14. Brunswick, Georgia
Annualized expected growth from Q4 2012 - Q4 2017:
7.0%
Home prices in the Brunswick metro area have plunged 27.7% since they peaked in Q4 2007.
It has a population of 112,923, an unemployment rate of 9.4%, and a median family income of $51,300 below the national median of $64,200.

13. Wilmington, North Carolina
Annualized expected growth from Q3 2012 - Q3 2017: 
7.1%
Home prices in the Wilmington metro area are down 25.6% from their Q2 2007 peak.
The metro has a population of 369,685, an unemployment rate of 9.8%, and a median family income of $61,100.
9. Tucson, Arizona (tie)
Annualized expected growth from Q4 2012 - Q4 2017: 
7.3%
Tucson's home prices have plunged 38.6% since their Q1 2006 peak. The metro has a median home price of $172,000.
It has a population of 989,569, a median family income of $58,100, and an unemployment rate of 6.8%.







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