Real Estate Market Predictions – Strongest & Weakest Markets
October 20, 2008
An interesting story on real estate market predictions – that includes the strongest and weakest markets
Kids hd Cube ipod for the US. Interestingly enough, the Top 5 strongest markets predicted for the coming year are from the middle of the country and include as follows:
Peoria, Illinois
Lubbock, Texas
Springfield, Illinois
Amarillo, Texas
Tulsa, Oklahoma
And the 5 weakest real estate markets are primarily in the west, and south:
Las Vegas, Nevada
Naples – Marco Island, Florida
Cape Coral – Ft. Myers, Florida
Miami – Fort Lauderdale – Miami Beach, Florida
Port St. Lucie – Fort Pierce, Florida
The company that did these predictions specializes in statistical analytics and it should be interesting to see if their predictions hold true.
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The market in Oklahoma is really strong right now, which doesn’t surprise me. I am shocked, however, to see that Las Vegas’ market is struggling so much. I believe it wasn’t too long ago that they were the fastest growing home market in the country.