Housing Predictor Names Annual Top 25 Real Estate Markets
Destin, FL (PRWEB) January 8, 2008 -- The Top 25 Annual Housing Predictor U.S. Market Forecast for 2008 shows that some states have appreciating real estate markets, despite a national trend of falling home prices triggered by the credit crunch and an epidemic of foreclosures.
Housing Predictor is an information driven web site, which provides independent housing market forecasts for all 50 U.S. States in more than 250 local housing markets.
Housing markets in Hawaii, Texas, Idaho, North Dakota, New York and Washington are among the states to make the annual list, which shows real estate markets unlike many other business markets are all driven by local regional economies and influenced by their community's business and job growth.
The Top 25 markets represent another telling trend showing that more people are moving to housing markets outside of large urban centers seeking a better quality of life. North Dakota placed markets on the list as the state's housing markets escape from fall out of the credit crunch. North Dakota wasn't plagued by subprime or new conventional creative financing.
Wall Street investment firms traded securities backing home mortgages at a record rate to change the climate of housing markets all over the nation. But the Top 25 have one common thread, strong regional economies and lower tax bases attractive to business and job growth.
The state of Hawaii has a growing real estate economy that has not been seen on the Islands since the 1960's with booming new construction, producing a growing job market. A younger culture of residents is moving to Texas, which placed cities on the Top 25 appreciating market list.
Oklahoma has one of the nation's most affordable job bases, which makes its markets keep a lid on housing prices and is attractive to employers.
Southern states are under going the largest growth in history due to the migration of millions of Americans from colder northern states to the sun-belt. Texas and Oklahoma are benefitting with more new residents than ever.
Check out the new 2008 Top 25 Housing Market Forecasts, your market forecast and search foreclosures at http://www.housingpredictor.com
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