Best Housing Markets in 2010
A housing market research Web site has predicted Marquette will be one of the top 25 housing markets in the country for the coming year. Marquette ranked 12th in the calculations at housingpredictor.com, with a 3.2 percent increase in average housing prices predicted for 2010. Researchers at the Web site gather information on 20 factors for each market forecast, including income levels, employment rates and trends, commercial and residential construction, school enrollment levels, business openings and closings, new business development, regional political influences, real estate sales history and current housing market velocity. Analysts then review each market separately to forecast the percentage each individual market will increase or decrease in average housing prices. Cleveland topped the list while Marquette ranked above places like Grand Rapids, the only other Michigan city to make the top 25. Twelve states are represented on the top 25 list, including many Midwest and northern tier states that have been less severely impacted by the housing crisis, according to housingpredictor.com.
Source: Mining Journal Feb 4th
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3 comments:
How did that fair out for the 2010 year. On average the wages in MQT are much lower then the rest of the state and yet the home prices for sale are considerably higher compared to other area. Who can afford these houses? It would cost 1/4 less to live in sunny Florida. Who are these houses appealing to?
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