Salient to Investors:
A Zillow.com study of average home prices in the 50 largest housing markets over 117 rolling 5-yr periods since 1979 found:
- Real estate prices regularly rollercoast.
- The biggest risk of loss, 36.8% of the period, occurred in Hartford, Connecticut
- The least risk of loss – the most stable real estate market – 0% of the period, occurred in Pittsburgh, PA and Buffalo, New York.
- Las Vegas had the worst annual loss, -30.1% from October 2008 to September 2009, and the biggest annual gain, +51% from October 2003 to September 2004.
- The best average annual gain of 6.6% over the past 25 years occurred in San Jose, California.
- The rust-belt’s Detroit average annual gain of 2.3% beat the sun-belt’s Dallas-Fort Worth average annual gain of 2.1%.
- Of the 20 riskiest markets, San Francisco is predicted to gain the most over the next 12 months, +12.6%, and Minneapolis-St. Paul the least, -1.5%.
For the full results, read the article at http://www.bloomberg.com/news/2014-06-25/the-riskiest-housing-markets-in-the-u-s-.html
Click here to receive free and immediate email alerts of the latest forecasts.