Thursday, March 11, 2010
Housing Market for 2010 the best its on its way
Housing Market for 2010 the best its on its way back
The USA Housing markets have faired quite well regardless of the economic turmoil of recent years. All this markets share something in common: modestly appreciating home prices, a high affordability rating,great economic activity, tourism and a low foreclosure rate.I know its sound like we are describing South Florida
RealtyTrac, estimates that 4.5 million foreclosure filings are expected in 2010, up from 2.8 million in 2009. But this inventory its being pick up by investors and will not affect prices as much as the past wave of foreclosures.
According to Forbes, Pittsburgh, Pennsylvania, has the best housing market in the country for a host of reasons: the second lowest foreclosure rate, a housing affordability rate of 85%, home prices anticipated to increase 2.67% in 2010, and a diversified and comparatively robust economy. This stable economy is largely due to Pittsburgh transforming itself, over several decades, from a center of manufacturing to one of education and health care.
As you can the turn around its all over the country .
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