Industry News

Some housing markets seeing strength

Despite national slowdown, some markets expect price growth in coming quarters

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While national statistics show an overall slowdown in home sales and a drop in prices, some individual markets are experiencing growth due to healthy local economic conditions and other factors. The top housing markets expected to see the strongest growth in home values through the second quarter of next year are in North and South Carolina, Texas, Utah and New Mexico, according to a forecast released today. A forecast compiled by Santa Ana, Calif.-based Veros Real Estate Solutions expects the top five strongest housing markets in terms of price growth to be: Raleigh-Cary, N.C., at 7 percent growth; Austin-Round Rock, Texas, at 6 percent; Charlotte-Gastonia-Concord, N.C.-S.C., at 6 percent; Salt Lake City, Utah, at 6 percent; and Albuquerque, N.M., at 5 percent. The forecast uses Veros' predictive technology, which applies more than 50 metrics in the calculations, including interest rates, current inventory, unemployment rates, inflation, population and buildable land...