nvestors and home buyers
are always on the look out Home price appreciation was much
for cities that have higher in these 8 cities with
housing markets with appreciating double digit increase in markets
home prices, especially when like Boise and Seattle, while the
there is a slump in the housing national average of home price
market nationwide. Here are the increase was only 5.9 % between
insights into the top 8 U.S. the fourth quarters of 2005-2006.
cities for home price Several of these cities had
appreciation according to the missed the housing boom of the
Office of Federal Housing last five years and many had
Enterprise Oversight (OFHEO) that lagged behind in the annual
are worth buying a home in, appreciation rates. For instance,
especially in view of their while the national average for
appreciating home prices. home appreciation ranged from 7 %
to 12 % between 2001 and 2005,
The top eight cities that have these cities had experienced only
exceeded the U.S. average in home an annual appreciation of 2 % to
appreciation and are prevailing 5 %. So, at present, the eight
against the current sag in the cities are catching up on the
market are: recent housing boom, making now
the best time for buyers to enter
1. Portland, Oregon their markets.
2. Seattle, Washington
3. Salt Lake City, Utah These top eight cities are also
4. Boise, Idaho great places for settling up
5. Houston, Texas house because of their strong
6. Austin, Texas economies backed by flourishing
7. Charlotte, Florida industries and good educational
8. Raleigh, Florida levels that are above the
national average. past 14 years according to the
OFHEO.
Austin has a very affordable
housing market with the median Even as Mr. Yun, senior economist
sales price of Austin-Rock Rock for the National Association of
area at $173,700. Austin saw an Realtors (NAR) predicts that the
appreciation of home prices by home prices on a national scale
6.7 % from the 4th quarter of will bottom out this summer,
2005 to 4th quarter of 2006. This economists and local real estate
appreciation is steadier when agents forecast a stable growth
compared to areas such as Fort in these cities for the near
Lauderdale where prices went up future. Homes in these markets
above 30 %. will continue to grow at a stable
pace and they are not expected to
Home prices in the Charlotte area be overpriced too much than in
increased 9.09 % from the 4th the booming markets in the first
quarter of 2005 to the 4th half of the decade.
quarter of 2006. This was its
fastest appreciation since the
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San Diego Homes For Sale
Carmel Valley Real Estate
Rancho Bernardo Condos
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