As the nation’s real estate markets move closer to stabilization, more housing markets are forecast to experience appreciation in 2010, according to Destin, Florida-based Housing Predictor’s Best 25 Market Forecast in 2010.

In the New Year, housing markets in a dozen states are projected to appreciate, demonstrating the development of an improving trend in many markets across the nation. Despite the weak economy, the report said home sales are increasing in the majority of the country and are projected to improve over the first half of 2010, boosted by

the federal government’s expansion of the homebuyer’s tax credit.

Propelled by bargain prices, four Ohio markets topped the list of the best 25. According to the report, home prices dropped to such low levels in many areas of Ohio, buyers were forced off the fence into new homes. Now that prices have gotten so low, the report predicts they have only one way to go, and that is up.

Markets are also expected to appreciate in cities in Nebraska, Texas, West Virginia, South Dakota, Michigan, Pennsylvania, Louisiana, North Dakota, Delaware, Alaska, and Virginia. The report said the 12 states represented on the top 25 list include many Midwest and Northern-tier states, which have been less severely impacted by the housing crisis. In all, 44 markets are currently forecast to experience housing inflation in 2010.

The Housing Predictor forecasts more than 250 local housing markets in all 50 states and selects the best 25 markets annually. The markets listed in the Best 25 Market Forecast are those that have the highest possibility of appreciation of all market forecasts for 2010. As local market conditions demand, updates on these predictions are provided throughout the year.

 

 

12/22/2009 BY: BRITTANY DUNN http://www.dsnews.com/articles/index/housing-predictor-releases-2010-best-25-market-forecast-2009-12-22