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Old 09-05-2008, 06:46 PM
 
Location: Albuquerque, NM - Summerlin, NV
3,436 posts, read 6,671,986 times
Reputation: 682

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Forbes and MSNBC have released a top 10 list of Where Home Prices Are Likely To Rise..and some of the fastest growing cities and fast growth in jobs.

1. Albuquerque
Housing starts 2008: -45.4, Housing starts 2009 increase: 26.6%
Job growth 2007: 1%, Average job growth 2007-2012: 1.6%

2. Charlotte
Housing starts 2008: -30%, Housing starts 2009 increase: 20%
Job growth 2007: 3.9%, Average job growth 2007-2012: 1.9%

3. San Antonio
Housing starts 2008: -24.7%, Housing starts 2009 increase: 20.9%
Job growth 2007: 2.6%, Average job growth 2007-2012: 2.4%

4. Portland
Housing starts 2008: -33.1%, Housing starts 2009 increase: 17%
Job growth 2007: 2.1%, Average job growth 2007-2012: 1.2%

5. Austin
Housing starts 2008: -28.2%, Housing starts 2009 increase: 9.6%
Job growth 2007: 4.7%, Average job growth 2007-2012: 2.7%

6. Salt Lake City
Housing starts 2008: -40%, Housing starts 2009 increase: 9%
Job growth 2007: 4%, Average job growth 2007-2012: 2.4%

7. Colorado Springs
Housing starts 2008: -37.6%, Housing starts 2009 increase: 53.2%
Job growth 2007: 0.9%, Average job growth 2007-2012: 1.6%

8. Minneapolis
Housing starts 2008: -26.9%, Housing starts 2009 increase: 15.6%
Job growth 2007: 0.6%, Average job growth 2007-2012: 1.4%

9. Atlanta
Housing starts 2008: -33.5%, Housing starts 2009 increase: 27.9%
Job growth 2007: 2.3%, Average job growth 2007-2012: 2%

10. Oklahoma City
Housing starts 2008: -17.6%, Housing starts 2009 increase: 9.9%,
Job growth 2007: 1.2%, Average job growth 2007-2012: 1.5%

Where Home Prices Are Likely To Rise - Forbes.com

VIDEO: Forbes.com Video Network

Where home prices may actually ... rise? - Forbes.com - MSNBC.com


The Forecasts in Las Vegas Nevada and Parts of Florida will go down severly, the predictions for las vegas is that the housing market wont pick up till late 2011 or 2012, due to such large growth in little periods of time.

Input anybody?

Last edited by bradly; 09-05-2008 at 06:55 PM..
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Old 09-05-2008, 06:54 PM
 
28,901 posts, read 51,969,347 times
Reputation: 46544
This is exactly what I've been talking about. 25% of home builders who were building in 2006 are now out of business. Banks are really balking at lending for new construction.

So while there will be a large glut in lots of markets where overbuilding happened, there are other businesses where the downturn hasn't been severe, there will actually be a shortage in many markets beginning in mid-2009 and beyond.
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Old 09-05-2008, 10:03 PM
 
27 posts, read 37,954 times
Reputation: 13
I better move back to Albuquerque soon before those prices go up
thats some awesome info bradly, thanks.
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Old 09-06-2008, 02:01 PM
 
Location: Piedmont, CA
36,031 posts, read 63,875,163 times
Reputation: 20134
Well,
The Median Home Price in The Bay Area has fallen from $850,000 to $667,000 in 1 year but most analysts dont think it will go down much further, in fact, I think the time to buy is between now and March. For the first time in a year, I suspect the market is going to rebound, perhaps by Spring, then the median home price will rise quite dramatically as the housing market finally catches up with the region's relatively good economy.
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