Most of us watch home prices to gauge the health of the housing market. That was so 2012, however. Just because prices are rising doesn't necessarily mean the industry is doing any better. Next year, a better pulse of the market will be the rate of jobs growth, says Jed Kolko, chief economist with Trulia.
Cities like Las Vegas, Miami and Phoenix have seen home prices surge, but it's uncertain how long that could last. Prices have risen, partly because they fell so much and also because many homes are still undergoing the foreclosure process. They're also cities in states with some of the highest rates of unemployment, which ties closely to how well people will be positioned to buy.
For 2013, Kolko has spotted 10 cities where he thinks the market will be healthiest. Congrats, Texas, you make up the bulk of them!
| The 10 Healthiest Metros for Housing in 2013 | |
1
| Houston, TX |
2
| San Francisco, CA |
3
| Bethesda-Rockville-Frederick, MD |
4
| San Antonio, TX |
5
| Austin, TX |
6
| Seattle, WA |
7
| Omaha, NE-IA |
8
| Peabody, MA *** |
9
| Fort Worth, TX |
10
| Louisville, KY-IN |
My Local Observations
- Bethesda Rockville and Frederick - these are great Maryland Cities and I agree with the ranking.
- As go these cities so also goes areas like Columbia, Ellicott City and surrounding towns.
- Our regional economy despite some pullback will remain strong
- State and city governments need to learn to control spending and attract business by providing tax incentives for companies to relocate to the area. They will come if asked right.
Cheers!
Boyd
Based on article from CNN Money Watch
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