Realtor.com 2018 forecast for Top 100 Cities, see your city rank?

[Terry Lao]

Realtor.com just released their 2018 Forecast for Top 100 cities, see where your city ranks against others. Ranked by sales growth and price growth.  Forecast to include increase inventory, interest rates going up, 2.5% growth nationally, and other leading indicators.

Which city do you like? Why?

Terry

Link https://research.realtor.com/2018-national-housing...

Summary of Top 100 list below.

Top 100 Largest U.S. Metros Ranked by Forecasted 2018 Sales and Price Growth

Rank	Metro	2018 Sales Growth	2018 Price Growth
1	Las Vegas-Henderson-Paradise, Nev.	4.90	6.90
2	Dallas-Fort Worth-Arlington, Texas	6.02	5.57
3	Deltona-Daytona Beach-Ormond Beach, Fla.	5.47	6.00
4	Stockton-Lodi, Calif.	4.55	6.43
5	Lakeland-Winter Haven, Fla.	3.00	7.00
6	Salt Lake City, Utah	4.62	4.50
7	Charlotte-Concord-Gastonia, N.C.-S.C.	5.98	3.02
8	Colorado Springs, Colo	3.12	5.65
9	Nashville-Davidson–Murfreesboro–Franklin, Tenn.	1.00	7.67
10	Tulsa, Okla.	7.54	1.02
11	Seattle-Tacoma-Bellevue, Wash.	2.34	6.21
12	Spokane-Spokane Valley, Wash.	3.50	4.97
13	Austin-Round Rock, Texas	4.04	4.42
14	Miami-Fort Lauderdale-West Palm Beach, Fla.	3.10	5.28
15	Little Rock-North Little Rock-Conway, Ark.	7.00	1.37
16	Denver-Aurora-Lakewood, Colo.	1.75	6.54
17	Orlando-Kissimmee-Sanford, Fla.	1.24	6.88
18	Toledo, Ohio	5.16	2.95
19	Columbia, S.C.	5.07	3.00
20	Palm Bay-Melbourne-Titusville, Fla.	1.00	7.00
21	Jacksonville, Fla.	4.73	3.20
22	Durham-Chapel Hill, N.C.	5.18	2.62
23	Providence-Warwick, R.I.-Mass.	3.72	3.97
24	Akron, Ohio	5.89	1.70
25	North Port-Sarasota-Bradenton, Fla.	3.00	4.50
26	Chattanooga, Tenn.-Ga.	3.50	4.00
27	Worcester, Mass.-Conn.	3.77	3.68
28	Raleigh, N.C.	1.63	5.77
29	Tampa-St. Petersburg-Clearwater, Fla.	1.38	6.00
30	Grand Rapids-Wyoming, Mich.	2.96	4.25
31	Boise City, Idaho	2.00	5.00
32	San Jose-Sunnyvale-Santa Clara, Calif.	2.50	4.37
33	Greenville-Anderson-Mauldin, S.C.	2.80	4.00
34	Madison, Wis.	1.72	5.05
35	Albuquerque, N.M.	2.92	3.71
36	Houston-The Woodlands-Sugar Land, Texas	2.24	4.19
37	Winston-Salem, N.C.	3.00	3.21
38	Riverside-San Bernardino-Ontario, Calif.	0.52	5.66
39	Buffalo-Cheektowaga-Niagara Falls, N.Y.	1.27	4.89
40	Fresno, Calif.	1.29	4.81
41	San Francisco-Oakland-Hayward, Calif.	0.94	5.14
42	Detroit-Warren-Dearborn, Mich.	1.17	4.77
43	Phoenix-Mesa-Scottsdale, Ariz.	3.66	2.26
44	Oxnard-Thousand Oaks-Ventura, Calif.	2.29	3.62
45	Augusta-Richmond County, Ga.-S.C.	2.50	3.34
46	Tucson, Ariz.	3.00	2.71
47	San Diego-Carlsbad, Calif.	2.51	3.19
48	Youngstown-Warren-Boardman, Ohio-Pa.	3.01	2.50
49	Harrisburg-Carlisle, Pa.	2.50	3.00
50	Cleveland-Elyria, Ohio	3.00	2.48
51	Birmingham-Hoover, Ala.	3.00	2.42
52	McAllen-Edinburg-Mission, Texas	2.38	3.00
53	Charleston-North Charleston, S.C.	3.64	1.69
54	New York-Newark-Jersey City, N.Y.-N.J.-Pa.	1.16	4.15
55	Jackson, Miss.	0.00	5.30
56	Virginia Beach-Norfolk-Newport News, Va.-N.C.	1.40	3.82
57	Boston-Cambridge-Newton, Mass.-N.H.	2.55	2.64
58	Pittsburgh, Pa.	3.53	1.62
59	Oklahoma City, Okla.	1.49	3.51
60	Portland-South Portland, Maine	5.00	0.00
61	Cape Coral-Fort Myers, Fla	1.00	3.99
62	El Paso, Texas	2.69	2.24
63	Minneapolis-St. Paul-Bloomington, Minn.-Wis.	0.00	4.93
64	Knoxville, Tenn.	2.00	2.92
65	Allentown-Bethlehem-Easton, Pa.-N.J.	4.12	0.57
66	Bakersfield, Calif.	1.00	3.61
67	Urban Honolulu, Hawaii	1.43	3.11
68	Des Moines-West Des Moines, Iowa	3.20	1.19
69	Greensboro-High Point, N.C.	1.34	2.97
70	Springfield, Mass.	1.24	3.00
71	New Orleans-Metairie, La.	2.00	2.24
72	Cincinnati, Ohio-Ky.-Ind.	1.47	2.32
73	Wichita, Ks.	2.23	1.49
74	Richmond, Va.	2.68	1.02
75	Columbus, Ohio	0.05	3.58
76	Sacramento–Roseville–Arden-Arcade, Calif.	1.00	2.61
77	Rochester, N.Y.	1.56	2.02
78	Hartford-West Hartford-East Hartford, Conn.	4.46	-1.05
79	Albany-Schenectady-Troy, N.Y.	0.75	2.55
80	Dayton, Ohio	3.01	0.19
81	Memphis, Tenn.-Miss.-Ark.	1.37	1.82
82	Scranton–Wilkes-Barre–Hazleton, Pa.	1.18	1.81
83	Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.	3.78	-1.04
84	Chicago-Naperville-Elgin, Ill.-Ind.-Wis.	0.00	2.57
85	Syracuse, N.Y.	0.00	2.57
86	Milwaukee-Waukesha-West Allis, Wis.	0.00	2.48
87	Baltimore-Columbia-Towson, Md.	0.48	1.82
88	New Haven-Milford, Conn.	2.96	-0.67
89	Washington-Arlington-Alexandria, D.C.-Va.-Md-W.V.	0.00	2.25
90	Omaha-Council Bluffs, Neb.-Iowa	0.00	2.18
91	Louisville/Jefferson County, Ky.-Ind.	-2.74	4.92
92	San Antonio-New Braunfels, Texas	0.37	1.52
93	Portland-Vancouver-Hillsboro, Ore.-Wash.	-3.48	4.98
94	Baton Rouge, La.	0.00	1.50
95	Atlanta-Sandy Springs-Roswell, Ga.	-1.88	2.99
96	Los Angeles-Long Beach-Anaheim, Calif.	-2.10	3.09
97	Indianapolis-Carmel-Anderson, Ind.	3.49	-2.53
98	Kansas City, Mo-Kan.	0.00	-0.12
99	St. Louis, Mo.-Ill.	0.00	-2.83
100	Bridgeport-Stamford-Norwalk, Conn.	-0.35	-2.87

Realtor.com’s model-based forecast uses data on the housing market and overall economy to estimate values for these variables for the year ahead. The forecast result is a projection for annual total sales increase (total 2018 existing-home sales vs. 2017) and annual median price increase (2018 median existing-home sales price vs. 2017).

[Terry Lao]

@Bing Lin

I like 4plexs in Las Vegas. I bought a few years ago when going for 170k, and 205k. Cashflowing about 800 per month, and ROI about 10-14%. I did not depend much on appreciation as units are more cashflow. Now, the same 4plexs are going for 250-270k.

With all said, Realtor.com is forecasting Las Vegas as the #1 city for sales and appreciation growth. Whether Las Vegas comes in #1 or #10, I already doubled, and tripled my money. Still a good investment if you bought now, and I think will continue for 2-3 years. Just in time when the Raiders finish their $1.9B stadium and begin play in new stadium. There is now NFL, NHL, and WNBA. Only matter of time before NBA and MLB comes to Las Vegas.

Just my two cents.

Terry