San Antonio Real Estate Market Forecast To Have Strong Home Price Increases
December 11, 2009
Local Market Monitor, today released its fourth quarter Home Price Forecast, which predicts local market behavior for well over 300 US local markets over the next 12 months. The forecast identifies markets where home prices will continue to drop as well as stable markets with opportunities for growth.
According to the forecast, among the largest US markets—identified as those with populations greater than 600,000—the markets* with the best expected performance in home price are:
Baton Rouge, LA
Buffalo-Niagara Falls, NY
Columbia, SC
Dallas-Plano-Irving, TX
Fort Worth-Arlington, TX
Houston-Sugar Land-Baytown, TX
Knoxville, TN
Little Rock-North Little Rock-Conway, AR
McAllen-Edinburg-Mission, TX
New Orleans-Metairie-Kenner, LA
Oklahoma City, OK
Omaha-Council Bluffs, NE-IA
Pittsburgh, PA
Rochester, NY
San Antonio, TX
Santa Ana-Anaheim-Irvine, CA
Syracuse, NY
Tulsa, OK
Wichita, KS
These top markets include some, such as those in Texas, where good home prices increases are likely once the economy improves, and others, notably in New York, where poor economic prospects make future price gains less likely.
“Even our ‘top’ markets don’t yet show price increases; rather, they’re markets where prices will be steady,” said Ingo Winzer, president and founder of Local Market Monitor. “Significantly, we now see Santa Ana-Anaheim among those markets, with Los Angeles not very far behind, as demand for housing from population growth absorbs excess inventory in Southern California.”
To read the full report, click here.
