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December 30th, 2011

No. 1: ‘5 cities poised for a housing pop’

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rising housing costsHSH.com’s most popular article of 2011 is, “5 cities poised for a housing pop.”

Publish date: June 14, 2011
Written by: Robert McGarvey

Excerpt:

Read the big, heavily publicized housing market reports and the only conclusion is that doom and gloom are the dual engines driving U.S. real estate. Double-digit dips are the norm in the recent Zillow Home Value Index, and the Case-Shiller Home Price Index is just as discouraging.

However, there may be good reason to shrug off those indexes. “I believe those indexes skew to the negative,” says Greg Rand, a real estate expert, New York City radio host, and author of Crash Boom! There are markets out there that are fundamentally healthy.”

Eric Fox, vice president for statistical and economic modeling for Veros Real Estate Solutions, in Santa Ana, Calif., agrees. In a recent, comprehensive survey of U.S. housing markets, Fox found a number of markets on the upswing. More markets, he admits, remain stuck in neutral or reverse, but the good news is that an increasing number of markets seem to be healing, he says.

In the healthy markets, the supply of homes for sale is within normal bounds, unemployment and the cost of living is below the national average, and home prices remain comparatively low and stable. Add to that mortgage rates near historic lows and you’ve got an advantageous situation for homebuyers.

Exactly which markets seem poised to rebound? Different experts have their own favorites, but here are five markets that are well positioned for housing appreciation in the next year.

1. 1. Pittsburgh

2. Tucson

3. Washington, D.C.

4. Boston

5. San Antonio

Read more from our ‘top 10 of 2011’ list:

No. 10: ‘Why is it so hard to be approved for a HARP refinance?’

No. 9: ‘Crazy to refi into an ARM? Not at all’

No. 8: ‘3 hot home renovations’

No. 7: ‘HARP 2.0: Your 5 steps to approval’

No. 6: ‘Do you have to pay your mortgage if your home is destroyed?’

No. 5: ‘Think like a criminal: 4 steps to securing your home’

No. 4: ‘Can you get out of a home purchase contract?’

No. 3: ‘4 experts forecast 2011 housing market’

No. 2: ‘Seller’s remorse? How to back out of a home sale contract’

For more, read:

10 worst cities to buy in now

5 best cities for landlords

5 things to be thankful for this holiday season

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One Response to “No. 1: ‘5 cities poised for a housing pop’”

  1. Jim Wagoner Says: December 31st, 2011 at 5:50 pm

    I was hoping to see my city on your list. I own too many houses and would love to be able to get rid of some of them at a profit some day.

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About the HSH Blog

HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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