Hottest 10 Buyers Real Estate Markets Change
Destin, FL (PRWEB) March 26, 2008 -- They aren't as hot as they once were, but the Hottest 10 Buyers Markets forecast by Housing Predictor in 2008 have booming economies, despite the national real estate recession.
There are still hotly appreciating real estate markets in the U.S., even though the pace of home sales has slowed and the amount of annual appreciation is lower. Housing Predictor forecasts housing market futures in more than 250 local markets in all 50 U.S. states. Housing Predictor's selection of the Hottest 10 Buyers Markets is based from on-going surveys conducted by researchers, who keep up with changes on a daily basis.
Two of the three top real estate markets, which were on the Hottest 10 list at the beginning of the year, have been cut due to drastically changing market conditions. Real estate markets in many areas of the country are under going sweeping changes as a result of the credit crisis and other factors.
The top spot now goes to Salem, Oregon, which has experienced abundant growth as an exception to the overall ailing Oregon housing landscape.
Cold and conservative Bismarck, North Dakota moves up the list. North Dakota had the least subprime and alternative investor financing available during the real estate boom, which has acted to protect much of the state from fallout in the national real estate recession.
The Hottest 10 Buyers Markets represent growing local economies, which are expected to foster growth well into the remainder of the year and in some cases into the following decade as the composition of the U.S. population changes, resulting in major shifts in housing markets nationally.
Nearly a quarter of more than 250 local housing markets Housing Predictor forecasts are projected to experience appreciation during 2008, despite an ailing national economy. Most of the markets that are forecast to appreciate are in areas that did not undergo double digit appreciation during the nation's real estate frenzy.
Even where the markets are forecast to appreciate, there are increasing numbers of foreclosures in most areas of the country. The nation is experiencing record all-time foreclosures due to artificial appreciation precipitated by lenders providing new creative mortgages to many who would not have otherwise qualified for a loan.
To find out more about the Hottest 10 Buyers Markets, check your market forecast and search real estate listings visit http://www.housingpredictor.com
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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