2018 Housing Forecast by Realtor.com.......and #1 is Las Vegas

[Terry Lao]

Realtor.com came out with their 2018 housing forecast and the top 100 largest metros, ranked by sales and growth, and #1 is Las Vegas. This is another honor, and another organization give Las Vegas high honors. Below is link and top 100 ranking is at bottom. Lots to read. I will summarize with list below.

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

What do you think?

Terry

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).

[Alexander Felice]

@Terry Lao you know I didn't come to Vegas for no reason, and it wasn't predetermined I would come here and happen to benefit. I spent months looking for what would be the best city for me and my finance to live in over the next 10-20 years and vegas was plainly the best choice. Whether it's top 5, top 3, or top 1 doesn't surprise me at all. I knew it would be a great market going forward and I bet my whole family and our careers on it.

I'm certainly no expert in all specific markets, but looking at macro economic forces combined with vegas specific forces I remain convinced that Las Vegas is one of the best cities to live in going forward, and I believe it is on an upward trend going forward. I picked up everything I owned and moved here with no job (or my fiancé) and we don't really know anyone out here. The economics were just too good to pass up, so far (8 months in) my expectations have been far exceeded.