Quantcast
Channel: Features
Viewing all articles
Browse latest Browse all 61683

The 15 Best Housing Markets For The Next Five Years

$
0
0

Tucson Mountains

National home prices are expected to climb 0.6 percent in the next year, according to the latest home price report by Fiserv Case-Shiller.

But over the next five years, home prices are expected to rise 3.3 percent.

We drew on Fiserv Case-Shiller's latest data to identify the best housing markets for the next five years.

The top 15 cities are ranked by the projected annualized change in home prices between Q3 2012 and Q3 2017.

We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak, to offer a broader view of the local economy and housing market.

Note: The median family income and home price is for Q3 2012. Unemployment data is as of December 2012, and population data for the metros is for 2011.

Norwich-New London, Connecticut

Annualized expected growth from 2012 - 2017:
7.9 percent

Home prices in Norwich-New London have tumbled 23.4 percent since their Q2 2006 peak.

It has a population of 273,502, an unemployment rate of 8.6 percent, and a median family income of $80,500, above the national median of $63,800. It also has a median home price of $225,000.

Data provided by Fiserv Case-Shiller Indexes



Tucson, Arizona

Annualized expected growth from 2012 - 2017:
7.2 percent

Tucson's home prices have plunged 40.4 percent since their Q1 2006 peak. The metro has a median home price of $165,000.

It has a population of 989,569, a median family income of $57,800, and an unemployment rate of 6.9 percent.

Data provided by Fiserv Case-Shiller Indexes



Visalia-Porterville, California

Annualized expected growth from Q3 2012 - Q3 2017:
7.2 percent

Home prices in the Visalia-Porterville metro area have plunged 52.9 percent since they peaked in Q1 2006, and the city has a median home price of $145,000.

It has a population of 449,253, an unemployment rate of 14.9 percent, and a median family income of $48,200 below the national median.

Data provided by Fiserv Case-Shiller Indexes



See the rest of the story at Business Insider

Please follow Money Game on Twitter and Facebook.


Viewing all articles
Browse latest Browse all 61683

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>