10 Top Housing Markets for the Next Ten Years
A just released report from U.S. News on the US housing market is a compiled list of the top 10 housing markets for the next 10 years. Below you can see which real estate markets will appreciate the most over the next 10 years:
1. Bremerton-Silverdale, Wash.
2. Glens Falls, N.Y.
3. Fort Collins-Loveland, Colo
4. Corvallis, Ore.
5. Anchorage, Alaska
6. Duluth, Minn.
7. Sandusky, Ohio
8. Santa Fe, N.M.
9. Pittsfield, Mass.
10. Decatur, Ill.
The reports real good news is despite the ongoing housing bust, the overwhelming majority of America’s real estate markets will appreciate over the next 10 years!
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3 Comments
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No matter how one looks at it, there’s always going to be housing markets that are overhyped. If somehow those markets can support whatever the hype is all about, the real estate price will remain high. If they don’t then house prices will plummet. A typical example of the latter is Southern Cal (San Diego and the Southern OC come to mind). SF is in an unusual situation. RE prices will continued to go up as long as people are willing to blow their money on housing, even if it’s exorbitantly overpriced. Meanwhile, the city’s infrastructure is crumbling. That can only go that far. As more and more middle-class people and families abandon SF, the city will be stuck with the hyper-rich and the indigent, neither of which will contribute much (or anything) to the tax-base. The moneyed rarely have any desire to plow money into their “beloved” city, and the indigent don’t have any. My bets are on “going down”.
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Houses will only fall 30% if everyone rushes for the exits. 5 years ago many markets were underpriced and it’s highly unlikely they’ll go back to that level. There’s still a lot of demand for housing and THERE ALWAYS WILL BE! This list is proof.
Anyone predicting a 40% decline is making a prediction because he earns money by making predictions!
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The legal changes Obama is bringing will force a more equitable distribution of wealth AND risk. First, he will rebuild the social safety net, shredded by decades of rightwing mismanagement. Second, the better government regulation will bring more centralized control back over the markets. As time goes on, the federal government will reassert its rightful authority over more sectors of the economy, and we will march together into a brighter future for our children!
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