Despite national slowdown, some markets expect price growth in coming quarters
Monday, October 15th, 2007While 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.
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