5 housing markets on the way up

A turnaround in housing prices is still just a hope in many markets, but these are ripe for investment, with double-digit gains expected in the next 5 years.

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VIDEO ON MSN MONEY

39Comments
Oct 16, 2012 6:46AM
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MSN Money...Great entertainment but reality? I think not! 75% of Americans that don’t have Government related jobs are still struggling and barley holding on by their finger nails! What a bunch of BS! I mean when are you guys going to write a story of a recovery plan? Like Jobs and how can they be created and what needs to change in this nation? But that would be risky and you might offend someone up the food chain... I mean come on everyone knows the upscale neighborhoods are going to recover. uh they always do? Just who do you think reads your rag? This is a sad A$$ attempt at blowing sun shine up peoples A$$'s in the middle of a storm! Good for the upscale market and there 15-20%!

Oct 15, 2012 6:08PM
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Tell me that wages have risen then I will believe it is not just dirt bag realtors with inflated prices that don' match the working mans income.
Oct 16, 2012 11:11AM
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BS

the population grew 15 million the last 4 years

# of people working is the same   135 million  ( approx)

average wages down

S.S. receipts down, FDIC receipts down

how is unemployment under  8%?????   IT IS NOT under 8 %

total B.S. !

for every neighborhood that is doing well 3 more are getting worse
this is the truth

very poor job telling the whole truth!



Oct 15, 2012 10:42PM
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I live in Phoenix, I wonder if all those articles about BUY NOW BUY NOW are written by investors or investor's friends, there are also articles saying "if you see a house rent it right away or else it'll be gone in a day..." reality is I continue to see rental ads but only the inexpensive homes are being rented, I believe if prices go up another 10% by next year we'll see a mini-bubble here in Phoenix as only investors are buying and just a few people are venturing to buy 30% higher than last year.
Oct 16, 2012 4:33AM
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In my areas of North Carolina and Florida, the home values are still dropping almost daily.  Pretty substantially too.

A mortgage broker and two real estate agents recently told me that we have a huge wave for foreclosures on the horizon, and this wave will be bigger than all the rest.

Oct 16, 2012 3:31AM
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sure wish our market would improve in Vegas, paid $100K for my townhouse in '97, last month they were selling for $70K...this month $65K.
Oct 16, 2012 10:16AM
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Well, I guess the October surprises just never seem to stop,. First, unemployment drops below 8%. (No presiding President has ever been re-elected with unemployment above 8%.) So it drops. Surprise, surprise!! Then Hillary takes full responsibility for the Ambassador being assonated in Lybia. Falling on the sword for Obama. (Oh, I forgot, nothing that goes wrong, is Obama's fault. It's all Bushes Boy's fault. So far that is the only thing they have not blamed on Bush.) And we still have 3 more weeks. I wonder what will be next?
Oct 16, 2012 12:29PM
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Housing in Monterey County CA has gone up 10 to 15% over the last two years and new home sales are on the rise. It's all about Location, Location, Location.
Oct 15, 2012 10:34PM
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How old is that picture of the Los Altos city sign?  It looks like that's a Chevette in the background!  With 1 bedroom condos starting at $340k, I would expect to see a much nicer car in the background.

Oct 16, 2012 4:55AM
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If you dont have to live in a high cost area such as metropolitan NY and NJ - Conn and Calif you can find even so much more than whats lister here and cheaper.

You got Florida where steals are going on the market in droves every day- NC-SC-GA- upstate NY- the entire Midwest....TX...etc.... so much in this beautiful country we live in where you can live comfortably and financially unburdened.

Its just up to YOU to find it and make the "tradeoff" that could be necessary and you will be glad you did.

Its going to be this way for a long time so you can even spot your place and plan it out.

As the Nike ad says "just do it"!

Oct 16, 2012 10:51AM
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If the job market would improve, the housing market would rebound throughout United States greatly.  American tax payers bailed out the mortgage companies and banks involved in the Housing fiasco.  If that would not  have happended maybe but just maybe this housing crisis would not have been as bad as it was. 
Oct 16, 2012 2:42PM
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Thank you Obama !!! My business is booming....
Oct 16, 2012 12:22PM
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Whatever.  Nice PR piece by the NAR.
Oct 15, 2012 10:31PM
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All temp-upswings. Soon to take a nose dive-then head for 40 percent decline.
Oct 16, 2012 12:38PM
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Yeah, go back to 2006, the bubble peak, and read some of the NAR and associated articles about how real estate would always going up, up, up. They were wrong, wrong, wrong, and probably are now too.

Oct 16, 2012 4:59AM
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Pittsburgh is at 1 or 2 for best housing markets in the country> with iit;s new oil & gas industry, plus high tech, robotics biomedical,  movie making here,plus other industries , people are coming  in & so are the jobs. it;s becoming a boom town
Oct 16, 2012 11:29AM
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Seattle weathered the housing crunch because it had already suffered a couple decades of idiot Californian real estate investors before the rest of the country.
Oct 16, 2012 1:35PM
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Have you ever been to Medford, OR??

"These are places that have better job prospects and stronger economic conditions than most other areas."  HA!

 

 The housing prices may be low, but the job market is HORRIBLE! It seems like the economy may be improving in the area, but that's not saying much given where it started. There may be "more employers" but they're all big box retail, and who wants to work there? There are literally people with Master's Degrees working at the local Lowe's (I've met them) for crying out loud! I just lived there for a year and the only real employers are the hospitals and Harry & David. Great if you can get a job there, but even HD's turnover rate is really high. There are tons of people on wellfare there because there are no jobs (a stat for you, the unemployment was at 12% last time I checked). And back to the housing, we thought about buying because the prices are so low, but there are no nice neighborhoods. Even the nicest houses have old, broken-down mobile homes next door.

 

And "regional hub for medical care" well, considering it's the biggest city there is for 5 hours each direction, I would think so, but that doesn't really mean much. I could go on and on. Let's just say, when you read stats, look at what they're really measuring, and what they aren't.

Oct 15, 2012 6:29PM
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Jerry you are a good renter. We need renters to help aid the economy. Not everyone is smart enough for home ownership. Many people refinanced their homes in the boom. spent the money and then complained they can not afford their home...DAH. People who purchased a home in the last 30 years minus 2005-2007 have done well.

Plus I don't want to live next to Jerry the renter. I want to live in an area with a large amount of owner occupied homes.

Oct 16, 2012 1:18PM
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Expected by who? This is baloney. The housing market is not improving at all.
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