The 10 Crowning Markets of the Spring Season Article by Daily Real Estate News | April 18, 2017
Which housing markets are emerging as top performers this spring season? Ten X, an online real estate marketplace vendor, factored in pricing, sales, affordability, permit activity, economic and demographic growth, and forward-looking data such as economic and population forecasts, to come up with a list of housing market champs for this spring.
They are listed below, along with year-over-year changes in seasonally adjusted median prices and sales of existing homes:
Tampa, Florida Home prices: +13.12% Home sales: +7.31%
Dallas, Texas Home prices: +10.64% Home sales: +2.94%
Columbus, Ohio Home prices: +9.60% Home sales: +6.62%
Las Vegas, Nevada Home prices: +9.67% Home sales: +11.37%
Jacksonville, Florida Home prices: +11.86% Home sales: +7.27%
Nashville, Tennessee Home prices: +9.08% Home sales: +10.63%
Raleigh, North Carolina Home prices: +8.56% Home sales: +7.95%
Orlando, Florida Home prices: +7.31% Home sales: 7.95%
Portland, Oregon Home prices: +11.12% Home sales: 9.29%
Salt Lake City, Utah Home prices: +8.62% Home sales: +11.10%
Target Markets for Investors in 2017 Article by Daily Real Estate News | January 18, 2017
For prime investment locations, it may be time to look South. Forbes teamed up with Local Market Monitor, a company that tracks more than 300 housing markets, to uncover the top cities for investors in the new year. The markets that dominate this year’s list reflect two major benefits: affordability and growth.
If you are planning on making an investment, either by buying a home or by buying a rental property, these are really good markets,” says Ingo Winzer, Local Market Monitor CEO. “These are markets where… you are probably going to get a good return and you are not taking an extraordinary risk.”
Dallas topped this year’s list. Home prices there average $233,000, up nearly 4 percent from a year ago. Yet, the city’s housing market is still considered underpriced by 3 percent compared to its historic average. Local Market Monitor predicts home prices in Dallas to increase 31 percent by 2020, due to a boom in job and population growth.
Here are the 15 cities investors could do particularly well in this year, according to the study:
Dallas, TX: 31% (the percentage increase predicted for home prices by 2020)
50 Markets Ranked: Where Does Yours Fall? Article by Daily Real Estate News | October 25, 2016
Who has the hottest single-family housing market this fall? Fort Lauderdale, Fla., according to a new report released by Ten-X, an online real estate marketplace. Ten-X ranked the 50 largest single-family housing markets for fall 2016 based on current and forecasted fundamentals.
Florida markets continue to dominate its list for the second consecutive season.
“Florida’s housing market continues to set the pace for the nation, with five of the top 10 metros on our report,” says Rick Sharga, Ten-X executive vice president. “While all of the top five markets took substantial hits during the housing crash, especially Las Vegas, the continued road to recovery for these destination cities is looking even brighter.”
The five single-family markets topping Ten-X’s list for this fall are: Fort Lauderdale, Fla.; Palm Beach County, Fla.; Tampa, Fla.; Orlando; and Las Vegas.
The rankings factor in pricing, sales, permit activity, and economic growth, population growth.
The prices on 19 percent of homes for sale as of March 1st have been reduced at least once, the lowest percentage in the last year, according to Trulia.com.
In October and November, when the market was feeling the effect of the tax credit, 26 percent of sellers cut their asking prices.
“Better pricing is leading to less time on the market, less price reduction, and in a lot of markets we’re starting to see bidding wars on lower end properties,” said Ken Shuman, spokesperson for Trulia.
Trulia calculates that these U.S. cities experienced the biggest decline in price reductions from Feb. 1, 2010 to March 1, 2010: