DC Ranch, Grayhawk and any other community in the Phoenix metro area are part of the strongest real estate market in the country.
The city of Phoenix has been predicted to be the top performing real estate market with a 5% appreciation rate.
Veros Real Estate Solutions, an industry leader in risk management, has released its most recent quarterly report showing signs of accelerated recovery in some housing markets while other markets continue to struggle with slight recovery.
Veros says the forecast displays “fewer significant drags across an increasing number of markets, many of which are beginning to emerge with initial signs of appreciation for the first time since the market’s decline”.
Projected 5 strongest markets
1. Phoenix-Mesa-Scottsdale, AZ +5.0%
2. Bismark, ND +4.3%
3. Shreveport-Bossier, LA +3.4%
4. Anchorage, AK +3.1%
5. Fargo, ND/MN +2.7%
Bakersfield , CA sits at the bottom of the housing market for the third consecutive quarter with depreciation of 6.3%. Although the Bakersfield market is still experiencing the greatest rate of depreciation it is an improvement over the previous quarter’s 6.8% rate.
*Projected 5 weakest markets
1. Bakersfield, CA -6.3%
2. Modesto, CA -4.9%
3. Fresno, CA -4.9%
4. Reno-Sparks, NV-4.7%
5. Stockton, CA -4.7%
Thanks to Lisa Brown for the information
2151 E. Broadway Rd. Suite 210
Tempe, AZ 85282
My website www.lbrown.amerifirst.us