Sunday, April 10, 2016

Oregon In Top Single-Family Housing Markets! Team Thayer #RealEstate #housing #market #investor #news #oregon

Rising home prices, home appreciation, favorable affordability, and excellent economic and demographic conditions have set the stage for the top single-family housing markets in the U.S for investors.
Using current and forecasted housing fundamentals,Ten-X (formerly Auction.com) reported in its Top Single-Family Housing Markets Report for Spring 2016 released on Thursday that among the 50 largest U.S. markets, the top five single-family housing markets in the country are Seattle, Portland, Nashville, Palm Beach County, and Fort Lauderdale.
According to Ten-X, Seattle has been at the top of this list for three consecutive reports, while Portland once again claimed the second-place spot.  In Florida markets, Fort Lauderdale went from second to fifth on the list and Palm Beach County moved up to fourth place. Meanwhile, Nashville ranked third and marks its return to the top five for the first time in a year.
“We're continuing to see a return to fundamentals driving the housing market, as cities with above average population growth and job creation are recovering much more rapidly,” said Ten-X EVP Rick Sharga. “The solid tech sector has helped cities like Seattle and Portland maintain strong economic growth, which in turn has helped fuel the housing market, and the Florida housing market continues its post-recession recovery with South and Central Florida cities experiencing explosive growth.”
Ten-X's Top 5 Single-family Housing Markets 
MarketHome Price Growth, 
Year-over-Year
Home Sales Growth, 
Year-over-Year
Seattle, Washington 12.1 Percent 6.8 Percent
Portland, Oregon 12.4 Percent 4.7 Percent 
Nashville,  Tennessee 11.6 Percent6.1 Percent 
Palm Beach County, Florida 14.1 Percent 2.0 Percent 
Fort Lauderdale, Florida 8.0 Percent1.7 Percent 
“Despite a few economic headwinds, the U.S. housing market remains on solid ground,” said Ten-X Chief Economist Peter Muoio. “There are still some causes for concern, such as affordability and limited inventory, plus mortgage availability is still tight. But overall home sales should continue to prosper on the strength of fundamentals. Wages have gone up, interest rates are still low, and the labor market is healthy.”

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JUSTIN LEE THAYER