10 Cities Where Real Estate Is Surging Again

Posted: 12/17/09 4:04 pm

10 Cities Where Real Estate Is Surging Again

Housing prices have taken a beating over the last few years all around the country. However, a few major cities have finally hit bottom and are on their way back.

The question that some are asking now is whether the rebound is temporary, or a clear sign that those markets have come back from their trough.

Here are ten major cities that are clearly on the mend:

City / Market Rebound offthe Bottom 2009

Minneapolis, Minnesota 12.94% April - 14% 3.2%

San Francisco, California 12.5% March - 13% 2.8%

Cleveland, Ohio 10.9% March - 3% 0.5%

Denver, Colorado 8.19% February - 2% 1.0%

Dallas, Texas 8.10% February - 1% 0.2%

Washington, D. C. 7.79% March - 8% 1.4%

Boston, Massachusetts 6.94% March - 4% 1.0%

Chicago, Illinois 6.75% April - 13% 2.7%

San Diego, California 6.17% April - 9% 1.6%

Atlanta, Georgia 5.82% March 11% 1.0%

A large percentage of the sales activity today is coming from first-time home buyers and investors. In some markets this activity makes up over 75% of the total sales volume.

Remember that job growth is the primary driver of housing demand. And job growth translates into more people with incomes who can buy or rent homes. These markets have not been affected as much by the high unemployment we see in other parts of the country.

If you are a real estate investor sitting on the sidelines waiting for a bottom then this may be the nudge you need to get up and start investing. There are a large number of prudent real estate investing opportunities available today with historically low interest rates to boot!

Joined: 10 Dec 2009 Posts: 2 Location: woodland, ca

I live in the sacramento area and I've noticed the growth in San Francisco. In fact most Investors are coming here and buying up properties they've been doing so well. You'll need to stay sharp if you live in the sacramento stockton area so you don't miss any deals that will most likely get swooped up by the bay area investors.

thanks for the post,

Jason

Guest

I've been wanting to invest in the San Francisco area for many years now. After the recession though, I opted instead to invest in a Property in Vietnam as the markets there seemed stable amid the economic downturn.