When the recovery in housing finally comes, some housing markets will rebound sooner than others. Real estate forecasting service Local Market Monitor, which covers the nation’s 300 largest markets, has identified 13 markets where it predicts home prices will rise in the coming months and 11 markets where it expects home prices will continue to decline significantly.
To make these picks, Local Market Monitor uses a proprietary formula. Here are the 13 markets where it expects prices to rise:
- Baton Rouge, La.
- Buffalo-Niagara Falls
- Dallas-Plano-Irving
- Fort Worth-Arlington
- Houston-Sugar Land-Baytown
- Little Rock-North Little Rock-Conway, Ark.
- McAllen-Edinburg-Mission, Texas
- Oklahoma City
- Rochester, N.Y.
- San Antonio
- Syracuse, N.Y.
- Tulsa
- Wichita, Kan.
Source: Local Market Monitor, June 23, 2006 via www.realtor.org
