What Will Your Home Be Worth in 5 Years?
While some economists and real estate experts are predicting that many housing markets across the country won't hit bottom until late 2009 or even 2010, Christmas may come early for some more-fortunate home sellers. Money Magazine recently published their Top 10 list of metro areas that are expected to see price gains over the next year. Texas real estate seems to be leading the charge. To see how home values are appreciating or depreciating in your area, check out market-trend analyses of top metro areas across the country by FiServ Lending Solutions.
Everything is bigger in Texas, including the positive prices on homes in these towns:
McAllen
Median home price: $109,000
12-month price gain projection: 4%
5-year price change: 23.3%
View homes for sale in McAllen
El Paso
Median home price: $134,000
12 month price gain projection: 1.8%
5-year price change: 51.9%
View homes for sale in El Paso
Fort Worth/Arlington
Median home price: $134,000
12-month price gain projection: 1.4%
5-year price change: 17.4%
View homes for sale in Fort Worth
Houston
Median home price: $150,000
12-month price gain projection: 1.2%
5-year price change: 25.1%
View homes for sale in Houston
Dallas
Median home price: $161,000
12-month price gain projection: 1.2%
5-year price change: 15.8%
View homes for sale in Dallas
San Antonio
Median home price: $152,000
12-month price gain projection: 0.8%
5-year price change: 39.6%
View homes for sale in San Antonio
Sources: MetroTex Association of Realtors, city and county assessor's office in McAllen, First American CoreLogic, FiServ Lending Solutions and LoanPerformance data.
Got hot local housing tips or a story you want to share? Contact Amy Le at openingdoorsblog@HomeFinder.com.
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