Chief Economist Jed Kolko of Trulia has created the list of what he believes will be this year’s ten healthiest U.S. residential markets.
According to The Wall Street Journal’s MarketWatch, Kolko focused on the “solid fundamentals” or predictive factors which he believes will cause these residential markets to outperform others.
Kolko’s predictive factors and information sources:
- Strong job growth – Bureau of Labor Statistics
- Low vacancy rates – U.S. Postal Service
- Low foreclosure inventory – RealtryTrac
The 10 Healthiest Residential Markets for 2013
- Houston, Texas – strong job growth
- San Francisco, California – strong job growth
- Bethesda, Rockville, Frederick, Maryland – very low foreclosure inventory
- San Antonio, Texas – low vacancy rates, relatively stable home prices during the bubble /mild price declines
- Austin, Texas – strong job growth
- Seattle, Washington – strong job growth and low vacancy rates
- Omaha, Nebraska – relatively stable home prices with “mild’ price declines during the bubble
- Peabody, Massachusetts (North Boston Suburb) – low vacancy rates and strong job growth in nearby Boston
- Ft Worth, Texas – mild price declines during the housing bubble
- Louisville, Kentucky – mild price declines during the housing bubble
What do you think? Are these the markets most likely to be top performers? Are there others you think will be peak performers or market laggards? Give us your comment.