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Market Watch: Best and Worst for 2013
About a year ago, Trulia released their predictions on the best and worst markets for real estate in 2013. They rounded up their "Lucky 13 vs the Unlucky 13." --the healthiest markets in the U.S. going into 2013, and the least-healthy markets. Forming the lists, they looked at job growth, occupancy and home prices. They also took into account how local employment, foreclosures and home sales and prices are affecting each market.
Check out the lists below to see which real estate markets were predicted to have a good start in 2013 and which were predicted to be unlucky.
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Healthiest
(No. 1): Houston, TX
(No. 2): San Francisco, CA
(No. 3): Bethesda-Rockville-Frederick, MD
(No. 4): San Antonio, TX
(No. 5): Austin, TX
(No. 6): Seattle, WA
(No. 7): Omaha, NE
(No. 8): Peabody, MA
(No. 9): Fort Worth, TX
(No. 10): Louisville, KY
(No. 11): Little Rock, AR.
(No. 12): Middlesex County, MA (Boston suburb area)
(No. 13): Boston, MA
Least-Healthy
(No. 1): Detroit, MI
(No. 2): Fort Lauderdale, FL
(No. 3): Miami, Fla.
(No. 4): West Palm Beach, FL
(No. 5): Cape Coral-Fort Myers, FL
(No. 6): Palm Bay-Melbourne-Titusville, FL
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(No. 7): Chicago, IL
(No. 8): Orlando, FL
(No. 9): Tampa, FL
(No. 10): Lake County, Ill.-Kenosha County, WI
(No. 11): Jacksonville, FL
(No. 12): Las Vegas, NV
(No. 13): Tucson, AZ
As expected a lot of the "sand states" were predicted not to fair so well in 2013. There were also some curious dark horses on the predicted healthy list. It will be interesting to see what markets were actually the best and worst of 2013 according to Trulia once their Year End Report comes out later this month.
We would love to hear from you! Do you live or invest in any of these markets? How relevant were Trulia's predictions? Did they get it right on the best and worst markets for 2013?
To learn more about Part-Time REI visit us at http://part-timerei.com/
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