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Real Estate ArticlesCities on a Real Estate Rebound
It's already 2011 and, although the pick-up seems to be slower than expected, a number of cities in the US seem to be on the rebound already when it comes to property prices. In the medium term, there is no expectation that price will return to their post-crisis levels but they are at least expected to make a rebound.
According to Veros Real Estate Solutions, at least about 40% of major metro areas will see a significant increase in home prices. Of these metro areas, the bulk of cities that will drive the rebound are those with populations of 250,000 and below. On the bright side, there are cities like San Diego, CA; Kennewick, WA; Pittsburgh, PA; Fargo, ND; and Washington, DC, which will experience a price appreciation from 2.5% to 3.5%, significant figures already if you consider the bleak future of other markets. These bleak markets include Reno, which will experience a sharp depreciation of about 7.2% through 2011. The report also shows that regions in the south are more poised to rebound from the crisis, with many cities in Texas chosen as the next growth hub in the US. Whether this will hold true is something that we do not know at the moment. What we only know is that the signs are getting more encouraging, although not much yet. At least, after a few years of shrinking, we're now seeing some growth in some areas. For more information about this piece of real estate news, please refer to the Yahoo! article whose URL is listed below. Source: http://finance.yahoo.com/real-estate/article/111989/where-will-housing-bounce-back-most?mod=realestate-buy
You can talk about... Cities on a Real Estate Rebound Tags: • pittsburgh • san diego • property prices • real estate news • how much • washington dc • real estate rebound • Related articles:
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