Best of the Week
Most Popular
1.Putin’s World: Why Russia’s Showdown with the West Will Worsen - John_Mauldin
2. Stocks Bull Market Grinds Bears into Dust, Is Santa Rally Sustainable? - Nadeem_Walayat
3. Gold and Silver 2015 Trend Forecasts, Prices to Go BOOM - Austin_Galt
4.Gold Price Golden Bottom? - Toby_Connor
5.Gold Price and Miners Soar on Huge Volume - P_Radomski_CFA
6.Stock Market and the Jaws of Life or Death? - Rambus_Chartology
7.Gold Price 2015 - EWI
8.Manipulated Stock Market Short Squeezes to Another All Time High - The China Syndrome - Nadeem_Walayat
9.Gold, Silver, Crude and S&P Ending Wedge Patterns - DeviantInvestor
10.Is the Gold And Silver Golden Rule Broken? - Michael_Noonan
Last 5 days
The Price Of Oil Exposes The True State Of The Economy - 27th Nov 14
Brazilian Bovespa Stock Market Technical Analysis - 27th Nov 14
Gold Price Would Soar on Possible Swiss Yes Vote - 27th Nov 14
Crude Oil Asset Bubble Trouble - 27th Nov 14
Thanksgiving and Puritan Geopolitics in the Americas - 27th Nov 14
The Dow Jones Stocks Index - Beautiful Tree in the Desert - 27th Nov 14
The Digital World, The Opiate of The People - 27th Nov 14
Harry Dent's Simple Strategy for Surviving Withdrawals from Markets on Crack - 27th Nov 14
Socialist France Just Cannot Compete Against Google Freedom - 27th Nov 14
A Short Tale About the Grand Manipulation of Crude Oil Prices - 26th Nov 14
China Secret Gold Buying ... How Could It Happen? - 26th Nov 14
Gold Price Spikes to $1,467.50/oz on Computer Glitch? - 26th Nov 14
Gold - So Bad It's Good: Surviving 2014 - 26th Nov 14
TrueShopping.co.uk Real Customer Experience Review - Online Shopping Lessons - 26th Nov 14
Is There A New Global Consensus About Cheating Investors To Reboot Employment? - 26th Nov 14
EUR/USD – Currency Bulls Don’t Give Up - 26th Nov 14
Swiss Gold Referendum A Golden Opportunity for Switzerland - 25th Nov 14
Silver: What COT Analysis Tells Us - 25th Nov 14
Stock Market Big, Bold and Ugly - 25th Nov 14
U.S. Dollar Near Top? Gold and Silver Trading, Platinum Breakout Invalidation - 25th Nov 14
Buy Fear - Easily Pick Up Profits on Stock Market Dips - 25th Nov 14
The Islamic State Reshapes the Middle East - 25th Nov 14
Gold Price Forecast 2015 - 25th Nov 14
The Swiss Referendum On Gold: What’s Missing From The Debate - 25th Nov 14
Clash of Generations - Why Millennials Still Live at Home; Not Jobs, Student Debt, or Housing - 25th Nov 14
Stock Market Reminiscent of Pompeii - 25th Nov 14
Once Upon A Time There Were Philosopher Kings - 24th Nov 14
The 2014 Crude Oil Price Crash Explained - 24th Nov 14
China Stock Investing - Follow the Money! - 24th Nov 14
122 Tonnes of Gold Secretly Repatriated to Netherlands - 24th Nov 14
What Causes the U.S. Dollar to Move? - 24th Nov 14
Stock Market Indexes New Highs - Will Uptrend Extend Even Further? - 24th Nov 14
All Hail the King U.S. Dollar - Trend Forecast - 24th Nov 14
Where Is China Economy On The Map Exactly? - 24th Nov 14
Most of The World Economies Panic - Is The US Next? - 24th Nov 14
Stock Market Exhaustion Gap? - 24th Nov 14
Gold Golden Gains Come After The Pain - 24th Nov 14
Crude Oil and Stock Market Setting The Stage For The Next Recession - 23rd Nov 14
This Publicly-Owned Bank Is Outperforming Wall Street - 23rd Nov 14
Who’s Ready For $30 Crude Oil Price? - 23rd Nov 14
Strategic, Methodological and Developmental Importance of Knowledge Consumption - 23rd Nov 14
Manipulated Stock Market Short Squeezes to Another All Time High - The China Syndrome - 23rd Nov 14
Gold Price 2015 - 22nd Nov 14
Stock Market Medium Term Top? - 22nd Nov 14
Is the Gold And Silver Golden Rule Broken? - 22nd Nov 14
Malaysia's Subsidy and Budget Deficit Conundrum - 22nd Nov 14
Investors Hated Gold at Precisely the Wrong Time: What About Now? - 22nd Nov 14
Gold and GLD ETF Selloff - 22nd Nov 14

Free Instant Analysis

Free Instant Technical Analysis


Market Oracle FREE Newsletter

Gold Report 2015

The 10 Best U.S. Housing Markets 2013

Housing-Market / US Housing May 03, 2013 - 03:08 PM GMT

By: Money_Morning

Housing-Market

Ben Gersten writes: The percentage of Americans optimistic about the U.S. housing market has reached levels not seen since rumblings of the financial crisis began.

A new Rasmussen Reports national survey found 37% of homeowners believe the value of their home will increase in the next year - thehighest since September 2008.


And 58% of Americans believe their homes are worth more now than when they bought them. That's the highest percentage believing this since fall 2011.

Recent housing data shows why: U.S. home prices measured by the Case-Shiller index were up 9.3% in February from a year ago, the biggest increase in almost seven years. That move follows January's rise of 8.1%.

Phoenix led all markets in February with a year-over-year gain of 23%, while prices surged nearly 19% in San Francisco, 17.6% in Las Vegas and 16.5% in Atlanta.

Even better, prices rose in all 20 cities in the index for the second straight month, reflecting the growing belief that the housing recovery is for real.

The 10 Best Housing Markets
According to Zillow's Home Value Index, median U.S. home prices rose 5.1% to $157,600. from the end of Q1 2012 to the end of Q1 2013.

Here are the top-performing housing markets over that span, when prices bottomed in each market, and where prices are headed.

Six of the top 10 are in California, which was hit harder than most states by the housing collapse.

1. Phoenix, AZ

■Year-over-year change in home prices: 24% increase
■Average home value: $165,600
■Bottom in home values: Q3 2011
■1-year price forecast: 10.6% increase

2. Las Vegas, NV

■Year-over-year change: 22.3% increase
■Average home value: $138,800
■Bottom in home values: Q1 2012
■1-year price forecast: 7.5% increase

3. San Jose, CA

■Year-over-year change: 22.1% increase
■Average home value: $676,100
■Bottom in home values: Q2 2009
■1-year price forecast: 9.7% increase

4. San Francisco, CA

■Year-over-year change: 21.4% increase
■Average home value: $563,200
■Bottom in home values: Q1 2012
■1-year price forecast: 10.5% increase

5. Sacramento, CA

■Year-over-year change: 20.1% increase
■Average home value: $241,600
■Bottom in home values: Q1 2012
■1-year price forecast: 15.6% increase

6. San Diego, CA

■Year-over-year change: 17.1% increase
■Average home value: $396,800
■Bottom in home values: Q1 2012
■1-year price forecast: 8.8% increase

7. Riverside, CA

■Year-over-year change: 16.3% increase
■Average home value: $210,100
■Bottom in home values: Q1 2012
■1-year price forecast: 17.2% increase

8. Los Angeles, CA

■Year-over-year change: 14.9% increase
■Average home value: $439,400
■Bottom in home values: Q1 2012
■1-year price forecast: 11.1% increase

9. Detroit, MI

■Year-over-year change: 13.1% increase
■Average home value: $84,700
■Bottom in home values: Q3 2011
■1-year price forecast: 4.4% increase

10. Denver, CO

■Year-over-year change: 13.1% increase
■Average home value: $234,200
■Bottom in home values: Q2 2011
■1-year price forecast: 3.1% increase

For more on housing, check out Money Morning's 5 Charts Prove the Housing Recovery is for Real - and Just Beginning.

Source :http://moneymorning.com/2013/05/01/the-10-best-u-s-housing-markets-2013/

Money Morning/The Money Map Report

©2013 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2014 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Free Report - Financial Markets 2014