Top 15 Best Housing Markets for the Next Five Years
Is your home value increasing? If you are like many Americans it probably is not, at least not by very much. According to a price report by Fiserv Case-Shiller, average home prices (in 2012) are expected to rise a measly 0.3% in the next year and only 3.3% in the next five years. That's a long way from the 25%+ annual appreciation many metropolitan areas experienced during the housing boom. But, as with every study, there are always outliers that will experience higher or lower gains.
The same price report found that there are several housing markets that will experience annual home value gains between 7.7% and 11.2% over the next five years. In this post we will take a look at the 15 metropolitan areas that are poised to see the greatest increases in home values.
|Rank||Metro Area||Expected Growth % (2012-2017)|
|2||Panama City-Lynn Haven, FL||9.5%|
|3||Santa Fe, NM||8.9%|
|5||Sebastian-Vero Beach, FL||8.7%|
|6||Santa Barbara-Santa Maria-Goleta, CA||8.4%|
|15||Glenn Falls, NY||7.7%|