Washington and Idaho dominate this top 10 list – with a total of eight markets on the list. The study notes that a low housing supply is a feature of the markets expected to appreciate significantly.
Real estate in the nation’s 100 largest markets is expected to continue to appreciate into next year, although some leveling is expected. Veros Real Estate Solutions, a risk management and predictive analytics firm, projects appreciation will be at 3.7% over the 12 months ending June 1, 2020.
“This flattening indicates that although there is definite softness overall in the housing market, the fundamentals are healthy,” says Eric Fox, Veros’ vice president of statistical and economic modeling. “One potential contributing factor we saw in the models is some softening of mortgage interest rates, which is helping to prop up values and stem the decline.”
To read the piece and find the ranking, click here: 10 Markets Expected to Appreciate the Most Over the Next Year