There are still hotly appreciating real estate markets in the U.S., according to a nationwide survey conducted by Housing Predictor.com, which forecasts housing markets futures in more than 250 local housing markets in all 50 U.S. states.
Driven by booming local economies and unprecedented growth, the Hottest 10 Buyers Markets in the U.S. are mainly located in the southern half of the nation. Five of the Hottest 10 Markets in 2007 are located in Texas.
The Top spot, however, is Albuquerque, New Mexico, which is projected to appreciate 9.1% by the year’s end. Exploding with a population of almost a million people for the first time in its history, Albuquerque is growing like never before, attracting the movie business from Hollywood with the construction of new movie studios, a new airplane factory and many other new businesses.
Housing Predictor’s selection of the Hottest 10 Buyers Markets are based on surveys conducted on 75 markets under consideration from more than 250 local housing markets forecast on the web site.
McAllen, Texas was selected as the runner-up to Albuquerque to place second among the top 10 markets forecast for the highest appreciation throughout the remainder of the year. Four other Texas markets made the list, reflecting a state real estate market in the Lone Star state that is appreciating at levels not seen in many years. Housing Predictor forecast the current boom in Texas in early 2006.