Texas Scores Big in Real Estate Forecast

Texas has hit it big in the annual Housing Predictor Hottest 10 Buyers Markets forecast, placing five Texas real estate markets on the list. No place else in the U.S. is seeing as many of its local housing markets appreciate at such a rapid rate as the Lone Star State. Housing Predictor forecasts more than 250 local housing market futures in all 50 U.S. states. Propelled by booming local economies, the Hottest 10 Buyers Markets in the U.S. are mainly located in the southern half of the nation, which is experiencing unprecedented growth due to the migration of many people moving from colder

northern climates to the south.

The number 1 spot, however, is Albuquerque, New Mexico, which is projected to appreciate 9.1% by the end of 2007. Exploding with a population of almost a million people for the first time in its history, Albuquerque is growing like never before. McAllen, Texas was selected as the second best buyers market in the forecast. Four other Texas markets made the list, including Houston, Dallas and the state capitol of Austin reflecting the single strongest housing market as a state in the nation. Housing Predictor forecast the boom in Texas in early 2006.

Salt Lake City, Utah placed third. Salt Lake’s housing market is beginning to show signs of a slow down, but the market is forecast to hold its own through the end of 2007 after nearly appreciating 20% in 2006 on average alone. The Salt Lake market is just too strong, attracting many Californians for a lower cost of housing to slow down completely until at least 2008. The Hottest 10 Buyers Markets represent growing local economies with the emergence of a new pattern of growth in the U.S. The changes are at least due in part to attractive government sponsored low interest rate construction loans offered to businesses to move to the areas and other local tax incentives attractive to business.