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10 Housing Markets likely to rebound soon

by The Jansen Team

10 housing markets likely to rebound soon                                                                                                                                                          9-16-2009

 

Real estate forecasting service Local Market Monitor, which predicts housing market trends for investors and banks, forecasts that housing prices will decline an average of 5% through 2010. This prediction includes double-digit decreases in Phoenix, Miami, and Las Vegas.  But then the worst could be over, says CEO Ingo Winzer. As the recession eases, "We'll see good price increases in many markets," he reports.  In the following markets, home values are expected to remain level this year but increase in value next year:
 
    * Baton Rouge, La.
    * Buffalo-Niagara Falls, N.Y.
    * Dallas-Plano-Irving, Texas
    * Fort Worth-Arlington, Texas
    * Houston-Sugar Land-Baytown, Texas
    * Little Rock-North Little Rock-Conway, Ark.
    * Omaha-Council Bluffs, Neb.-Iowa
    * Pittsburgh, Pa.
    * San Antonio, Texas
    * Syracuse, N.Y.

Pending Home Sales on a Roll up for Six Months Straight

by The Jansen Team

RISMEDIA, September 2, 2009—Contract activity for pending home sales has risen for six straight months, a pattern not seen in the history of the index since it began in 2001, according to the National Association of Realtors®.

Read more: http://rismedia.com/2009-09-01/pending-home-sales-on-a-roll-up-for-sixth-straight-month/#ixzz0PxI2zYVu

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The Jansen Team
NP Dodge Real Estate
601 N. 108th Circle
Omaha NE 68154 USA
402 330 5954
Fax: 402-330-5365