he Top 25 Housing more than at any other time in a
Predictor U.S. Market natural disaster in the U.S.
Forecast for 2007 shows a More than 150,000 homes were
growing trend of local real damaged or destroyed by Katrina,
estate markets that are which hit in August of 2005.
stabilizing with thirteen states
represented in the annual The spirt of the people in New
forecast. Housing Predictor is an Orleans is becoming less
information driven website, tarnished in the aftermath of the
providing independent local storm. New Orleans has always had
housing market forecasts for all a spirit of revelry and
50 U.S. States. showmanship, especially during
Mardi Gras. It may have also been
Battling back from the headlines given a boost in the form of the
New Orleans, Louisiana is Housing New Orleans Saints NFL football
Predictor’s # 1 pick to team, which has had its best
appreciate the most in 2007. season in years.
Despite the loss of nearly half
of its residents, the Big Easy Houston, Texas, a city which has
has a booming real estate market been besieged by scandals with
that is growing almost daily and Enron and other companies is
is forecast to appreciate 8.4% in transforming into a strong real
2007. estate market for the first time
in more than a decade. Houston is
The fixer-upper has become the forecast by Housing Predictor to
new major commodity in New appreciate 7.3% in 2007 to place
Orleans real estate as investors second in the forecast.
move into the market to repair
homes and apartments damaged in The nation’s southern states are
the wake of Hurricane Katrina under going the largest growth in
history as a migration from In the west, Washington state and
colder northern states to the Utah have real estate markets
sun-belt quietly reaches near that are showing appreciation,
fever pitch. Arkansas, Alabama, which demonstrates how real
Texas and Tennessee are adding estate unlike other investments
more new residents than ever is effected by local regional
before. Little Rock, which was market economic and political
once a slumbering community has factors.
more new businesses moving into
the area than ever and will hit In Albuquerque, New Mexico the
7.0% in home appreciation in sales of homes and condos had
2007, according to Housing slowed for a few months only to
Predictor. pick back up again as more and
more new employers moved to the
Nashville, Tennessee, recognized area. Albuquerque is a growing
as the Music City is playing on urban center, which is forecast
its own good fortunes as a to appreciate another 6.5% in
growing metropolitan area, which 2007.
along with Odessa, Texas has some
of the most affordable housing in But of all the places that made
the nation and will both hit 6.9% the annual Top 25 markets list
in appreciation by year’s end. Brownsville and Austin, Texas are
two of the strongest U.S. real
The Top 25 markets represent estate markets. Just a few short
slightly more than a quarter of years ago after a high tech boom
the nation’s states. All 13 went bust Austin lost population,
states have local real estate but a renewed economy and more
markets that are appreciating computer companies moving into
strongly. the area have pushed the city
into a booming economy again and
it will score a forecasted 6.1% best place to find the least
in appreciation in 2007. expensive housing in an urban
Brownsville, which is in seventh center in the U.S.
place on the list is perhaps the
About the Author:
Mike Colpitts is the Editor of Housing Predictor, which forecasts future housing markets in all 50 U.S. States. To see the entire list of the Top 25 Real Estate Markets for 2007 in the nation, and get the latest on more than 250 local markets visit http://www.housingpredictor.com
Read more articles by:
Mike Colpitts
Article Source: www.iSnare.com 
