Austin, TX (PRWEB) December 27, 2011
The real estate industry nationwide may have had a few tumultuous years after the great recession, but there are plenty of markets that have weathered the storm and are stable and even showing signs of improvement. Homes.org recently released their list of the top 9 markets to watch in 2012.
The list was compiled using various market factors including, affordability, appreciation potential, price stability, area unemployment/job potential, and median price. When taking these factors into consideration, the real estate markets below stood out as top performers where buying a home is likely to be a good investment.
Top 2012 Real Estate Markets
Washington, DC – The Washington, DC area has held strong over the last year. According to the Clear Capital Home Data Index™ December Market Report, The Washington, DC / Arlington, VA / Alexandria, VA area has experienced quarter-over-quarter and year-over-year gains with a low 11.7% REO saturation rate.
Santa Fe, NM – Santa Fe didn’t suffer as huge a price drop as many areas of the country, and homes in the city are expected to increase in price by more than 9% over the next five years. Santa Fe also has an low unemployment rate of 5.4% and high median income making it a great place to settle in.
Bremerton, WA – This city also has a somewhat low unemployment rate of 7.9%, high median income and expectations for the home prices to increase more than 9.5% by 2016.
Orlando, FL – A number of Florida cities have shown signs of recovery in 2011 but home prices are still well below their peaks from a few years ago making them a good place for buyers to consider investing in. This is especially true in Orlando where there have been gains all year long and unemployment has started declining.
Rochester, NY – The Rochester real estate market has started to stabilize, so much so to the point that it has one of the highest major market year-over-year gains of 5%.
Austin, TX – As a technological center, Austin, TX has avoided a fair amount of the unemployment trouble the rest of the country is experienced. The city also didn’t have a housing bust so gains and recovery will be easier than in other areas.
Houston, TX – Houston is another Texas city that hasn’t had severe price drops and is in fact gaining quarter-over-quarter and year-over-year. The Clear Capital Home Data Index™ December Market Report lists the Houston, TX as the 5th best performing market in the U.S.
Cambridge, MA – Cambridge, a suburb of Boston, MA, is one of the smaller markets on the list. As reported already, the Boston area has avoided a serious hit to their real estate market thanks to stronger employment and not having experience severe price drops.
Chicago, IL – The Chicago, IL area was listed on Clear Capital list of top performing major markets in December. It’s one of the major markets in the Midwest, which is the region that has experienced the highest quarter-over-quarter gains.
To find more information on mortgage rates, homes newly listed for sale and real estate resources, please visit: Homes.org
Homes.org is a fast growing real estate search portal that offers users much more than MLS listings. Homes.org gives users access to a rich collection of resources, including but not limited to, real estate listings, home owner finance tools and home service tools. Homes.org brings buyers, sellers and renters important information about the current markets and intelligent tools by partnering with real estate professionals from around the country. Homes.org is a subsidiary of Star Nine Ventures, Inc. headquartered in Austin, TX.
About Star Nine Ventures®
Star Nine Ventures® is an Austin-based, marketing-driven venture creation company targeting a wide range of national business-to-consumer online marketplaces. Star Nine's core mission is to build businesses that provide exemplary consumer experiences and unparalleled customer service.