Healthiest Housing Markets

               Living in Las Vegas has its perks such as around the clock dining, world class entertainment, and something for people of all ages.

One thing that you may not have known about our fabulous city is that Las Vegas ranks as the fourth healthiest housing market in the nation! Our city isn’t just a vacation city but, a city where according to Ten-X Media Room, recent numbers have shown that home prices rose 9.7% since bottoming out in 2012. It is evident that the market has come back after peaking in 2006, then crashing with a solid thud in the Great Recession of 2008. Prices are still 20% below their peak price even after recovering all their losses since that 2008 drop. An Important thing to note is that according to the Economist, they analyzed sales and pricing activity along with affordability, economic, and demographic growth.

With Las Vegas claiming the number four spot on the rankings ahead of Jacksonville and just behind Columbus, Ohio, these rankings are in the perspective of looking forward meaning that they consider economic forecasts, growth prospects, and the critical aspect of populations trends. Consider this next time you are looking through the market to invest and make a great profit! This is the perfect time to consider investing in the following five healthiest markets in order from top to bottom starting with Tampa, Florida. What makes this city so special in terms of having the healthiest market is that in the city, employment us up 3.1% form a year ago and has consistency grown for the past five years. The equals more people obviously and more people equal more houses needed to be moved into! With jobs growing at a similar rate, Tampa continues to have potential in climbing upward. Next on the list is Dallas. Like Tampa, Dallas has experienced a similar growth in employment hovering in the 4% range and home sales up nearly 3%, you can see why this city made the list.

Nationally, the housing recovery is doing well but not all regions of the country are seeing the same number of growth. San Francisco, Los Angeles, and Long Island are considered three unhealthy markets according to Ten-X Media Room’s marketing officer Rick Sharga. These markets because of high rising prices are forcing people to be priced out. Now this shouldn’t worry people too much as Sharga says particularly in Long Island that foreclosed properties that should have been on the market earlier are keeping house prices low. Affording homes in these cities for local residents has always been a challenge because of the low population and job growth in these regions are keeping their wages down.

After shedding some light upon our nation’s market, the current state as well as the future looks bright! Whether you are looking on the west or east coast, or somewhere in between, now is a good time to take action in the market of either buying or selling.