America's Strongest Housing Markets in 2014

I was sent this great article on the projected turn of the housing market and since that has been a popular topic recently, I only found it fit to post on todays Blog! America's Strongest Housing Markets in 2014 was found on Bloomberg Businessweek and it discusses where in the country the housing market will rebound the most.

According to the Fiserv Case-Shiller indexes, home prices in the U.S. have declined 29.5% over the past four years. David Stiff, the chief economist at Fiserv estimates that early next year, the median home price will be down roughly 32.9% from the 2006 peak. He also states that in early 2014, prices will have climbed about 7.2% from 2010 levels.

And the winners are.................

There were 384 locations surveyed and it was determined that the Bremerton-Silverdale area in Washington State had the highest four-year growth forcast with prices expected to increase 44.7% from 2010 to 2014.

Bend, Oregon is in second place with prices expected to jump 33.6% by 2014 and Detroit, Michigan with 33.1%.

Markets with the weakest projections include.....

Miami, Florida, Naples, Florida, Atlantic City, New Jersey

Prices are expected to continue to fall over the next four years in these 3 locations.

To find out where your city stands visit the Bloomberg Businessweek.