Five Best US Housing Markets for 2011! Snap up the Florida Bargains before the investors buy them all!
Five Best US Housing Markets for 2011! Snap up the Bargains before the investors buy them all!
Read the article below from NuWire Investor!
Most of the U.S. housing market suffered painful losses throughout 2011, and failed to make a significant recovery in an ongoing recession that has eroded buyer confidence and driven down real estate prices. There are five cities, however, that experienced comparative booms in prices and sales. Cities that saw the biggest increases in the media price of homes, from greatest to least, include Fort Myers/Cape Coral, Fla., Shreveport/Bossier City, La., Washington, D.C., Ft. Wayne, Ind. and San Antonio, Texas. For more on this continue reading the following article from TheStreet.
The U.S. real estate market continues to struggle, but some cities actually saw housing booms of sorts over the past year.
Consider Fort Myers/Cape Coral, Fla.
Long the poster child for Florida's housing bust, the Gulf Coast community's median list prices soared more than 20% during 2011's first 11 months as investors grabbed low-cost homes, according to Realtor.com.
"Like many Florida markets, Fort Myers has experienced a large increase in investor activity, which has driven down inventories and put a floor under prices," says Paul Bishop of the National Association of Realtors, which operates Realtor.com. "As the rest of the national economy stabilizes and picks up, vacation buyers will also look to snap up bargains."
Here's a look at 2011's five best U.S. housing markets, based on increases in Realtor.com's median list prices for each community between January to November of 2010 and January to November of this past year: