Housing Predictions for 2013, part 1

It’s a New Year and that means everyone is weighing in on what he thinks will happen in the housing market during the next 12 months. My friends over at Trulia have their own predictions and I want to share some of them with you. What do you think will be the healthiest housing markets of 2013? Would you be willing to place a wager on your own predictions?

In real estate, you have probably heard that location is everything. While it might seem complicated to figure out the pros and cons and different locations, it’s actually relatively straightforward and it comes down to one thing: your needs. To figure out which neighborhood in a particular town is the right location, location, location for you, consider the following:

  • schools
  • character of th neighborhood/property
  • proximity to amenities
  • crime rates
  • commutability

All of these render a given neighborhood more or less a good fit for any given homeowner or potential homeowner.

Now you might be wondering how to tell which cities should make you feel optimistic about in the coming year. It’s really all about fundamentals, folks.

In a recent interview, Trulia’s Economist, Jed Kolko was asked for his short list of spots across the country that he projects will have the healthiest housing markets in 2013. He was also asked to share his rationale for choosing which cities made the list.

Below are Kolko’s predictions. Do any of these stand out to you? Can you guess why he might have chosen them? We’ll be sharing more about his reasoning in our next post so check back this week for that information!

The 10 Healthiest Metros for Housing in 2013

1. Houston, TX

2. San Francisco, CA

3. Bethesda-Rockville-Frederick, MD

4. San Antonio, TX

5. Austin, TX

6. Seattle, WA

7. Omaha, NE-IA

8. Peabody, MA ***

9. Fort Worth, TX

10. Louisville, KY-IN

In the meantime, if you’d like more information about how you can take advantage of these healthy housing markets in 2013 and use my eBook about finding money partners to invest in real estate, visit my website www.billbarnettnow.com to learn more. 2013 is a new year and it’s a new opportunity for you to make big things happen.

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