10 Best Housing Markets
While most of the country is dealing with dropping home values, it can be hard to imagine that there are several areas where home prices have not dropped at all. There are several places where, in fact, home prices have continued to go up, despite the recession.
Here are the 10 strongest housing markets in the country; homes that have gained value while the rest of the homes in the country have been losing it.
1. Boulder, Colorado (pictured above)– Almost 60% of the homes have increased in value over the past year, at a rate averaging just over 2%.
2. Spartanburg, South Carolina– Just over 55% of homes have seen an increase, at a rate of 1.8%.
3. New Orleans, Louisiana– 53.6% of homes have gone up in value at a rate of .66%.
4. Binghamton, NY– 53.6% of homes have seen property value increases averaging a whopping 4.5%.
5. Fayetteville, North Carolina– 53.23% of properties have gone up in value, at an average rate of 14% for the past year.
6. Pittsburgh, Pennsylvania– Just over48% of homes have increased in value during the past three months, but only by 0.12%.
7. Little Rock, Arkansas– Approximately 47% of homes have gone up in value, at a rate of 2.5%.
8. Gainesville, Georgia– 46.6% of homes have increased in value, at an average of 4.5%.
9. Burlington, North Carolina– 45.4% of homes here managed to go up in value, averaging increases of 4.6% in the past year.
10. Oklahoma City, Oklahoma– Finally, this city has seen 40% of its homes defeat market trends, with an average increase of 4.94%.
None of these cities are located along the west coast, where housing prices are still rocking back and forth a bit, but it is expected that even some western states will join this list by this time next year, as prices stabilize and then begin to go up again.