I have always said that Boston was one of the first markets to see a dip in home prices, but because of that, we would be the first to rebound. Well, Boston makes #3 on the list. Here are the top 6 housing markets that are gearing up for a rebound.
1.
San Jose, Calif.
Population growth: 5 percent
Job growth: 3.3 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 97 percent increase
2.
Houston, Texas
Population growth: 7 percent
Job growth: 3 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 38 percent increase
3.
Boston, Mass.
Population growth: 3 percent
Job growth: 2.1 percent
Home prices for the past 12 months: 1 percent decrease
New-home construction: 1 percent increase
4.
Raleigh, N.C.
Population growth: 12 percent
Job growth: 1.4 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 14 percent increase
5.
Austin, Texas
Population growth: 11 percent
Job growth: 1.5 percent
Home prices for the past 12 months: 2 percent decrease
New-home construction: 20 percent increase
6.
Oklahoma City, Okla.
Population growth: 4 percent
Job growth: 2.6%
Home prices for the past 12 months: 3 percent decrease
New-home construction: 1 percent decrease
Find out more about why these cities are poised for a rebound, and see what other cities made the
list.
Source:
“Cities Where Real Estate Is Ripe for
a Rebound,” Forbes (January 2012)