While RelocateAmerica focuses primarily on relocation news that affects each calendar year, it never hurts to glimpse into the proverbial crystal ball and forecast the housing market future. That is exactly what this linked article provides – a look at the most improved housing markets for 2014. The research was conducted by Fiserv Case-Shiller and Moody”s Economy.com and predicts a 7.2% increase from 2010 to 2014. The article utilizes several indices to forecast the housing market growth specifically income growth, demographic trends, unemployment rates, foreclosure rates and construction costs.
We should note that home prices in the US have dropped nearly 30 percent over the past four years and the market hasn’t quite bottomed out. The combination of weak consumer confidence, limited private sector hiring and no more $8,000 checks to bolster new home buying activities all play a part in the exchange. Additionally, the research addresses growth at the state level with a best and brightest city within each highlighted to show quantifiable progress. A majority of the top rated cities have suffered significant price reduction over the past four years, so recovery will be very welcome. Some of the selections lack a realistic employment base, fundamental in the establishment of a solid relocation selection, but regardless, they have a promising outlook in the future.
Top 10 Improved Housing Markets by 2014 By State and Top Metro Area
1. Washington – Bremerton-Silverdale metro
2. Oregon – Bend metro
3. Michigan – Detroit-Livonia-Dearborn metro
4. California – Napa metro
5. Nevada – Carson City metro
6. Florida – Panama City-Lynn Haven-Panama City Beach metro
7. Arizona – Flagstaff metro
8. New Mexico – Santa Fe metro
9. Wyoming – Cheyenne metro
10. Alaska – Anchorage metro
