22 Feb The 15 Best Housing Markets For The Next Five Years

According to the Business Insider, the double-dip in home prices that began in 2010 continued to drive down home prices in the third quarter.

The average price of a U.S. single-family home fell 3.9 percent; however, national home prices are expected to grow at a yearly rate of 3.5 percent between 2011 and 2016.

The article shows how Fiserv’s data helped pick the best housing markets for the next five years. Here’s a partial list:

Ocala, Florida

  • Expected annual growth from 2011 – 2016: 8.2 percent
  • Home prices in Ocala have tanked 49.1 percent since they peaked in Q3 2006.
  • Median home price is $93,000.

Eugene-Springfield, Oregon

  • Expected annual growth from 2011 – 2016: 8.2 percent
  • Home prices in the Eugene-Springfield metro area have slipped 20.5 percent since their Q2 2007 peak. They have a significantly low median household income.

Panama City-Lynn Haven-Panama City Beach, Florida

  • Expected annual growth from 2011 – 2016: 8.2 percent
  • Median home price is $138,000, and its home prices are 42.2 percent off their Q1 2006 peak.

Bakersfield-Delano, California

  • Expected annual growth from 2011 – 2016: 8.3 percent
  • Bakersfield’s home prices have fallen 58.5 percent since they peaked in Q2 2006. The median home price is $125,000.

Mountain Vernon-Anacortes, Washington

  • Expected annual growth from 2011 – 2016: 8.3 percent
  • Home prices have fallen 23.6 percent in the Mt. Vernon-Anacortes metro area since their peak in Q4 2007.

Sebastian-Vero Beach, Florida

  • Expected annual growth from 2011 – 2016: 8.7 percent
  • The Sebastian-Vero Beach metro area has a median home price of $137,000, and home prices have declined 53.1 percent since their Q4 2005 peak.

Tucson, Arizona

  • Expected growth from 2011 – 2016: 9 percent
  • Tucson’s home prices have plummeted 45.1 percent since their peak in Q1 2006. The median price of a Tucson home is $139,000.

To read the rest of the list and find out all the details, go here.

Did you predict the markets mentioned in the article? Do you think they left any out?

Sibet B Freides
socialmedia@ideaassociates.com