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TH E M R EP O RT | 13 MDWELL Planning for 2017: Which Markets Are Hot and Which Are Not? Source: HouseCanary market data and forecast as of September 21, 2016 With 2017 around the corner, housing market investors are scrambling to find reliable regional forecasts. There may be no crystal ball, but HouseCanary has developed the most accurate predictive models to give savvy investors a glimpse into the top—and bottom—metropolitan statistical areas (MSAs) expected to hit the news in 2017. The forecast below reveals that over the next 12 months, home prices in some markets will grow by as much as 10 percent, while other markets will see no growth at all. PLANNING FOR 2017: WHICH MARKETS ARE HOT AND WHICH ARE NOT? Top 10 Markets for Growth Over the Next 12 Months MSAs topping the HouseCanary list include popular housing states such as Florida, California, and more—which is why investors should be thinking about increasing their presence in these locales over the next year. HouseCanary notes that these are great investment opportunities, but if you are particularly interested in Colorado and California, it may be wise to move fast as these markets have the lowest supply. If you're a buyer putting together an offer, be aware that the seller has the advantage. Portland, Vancouver, Hillsboro, OR/WA Portland, Vancouver, Hillsboro, OR/WA Seattle, Tacoma, Bellevue, WA Seattle, Tacoma, Bellevue, WA Palm Bay, Melbourne, Titusville, FL Palm Bay, Melbourne, Titusville, FL Denver, Aurora, Lakewood, CO Denver, Aurora, Lakewood, CO Dallas, Fort Worth, Arlington, TX Dallas, Fort Worth, Arlington, TX San Francisco, Oakland, Hayward, CA San Francisco, Oakland, Hayward, CA San Jose, Sunnyvale, Santa Clara, CA San Jose, Sunnyvale, Santa Clara, CA Deltona, Daytona Beach, Ormond Beach, FL Deltona, Daytona Beach, Ormond Beach, FL Tampa, St. Petersburg, Clearwater, FL Tampa, St. Petersburg, Clearwater, FL North Port, Sarasota, Bradenton, FL North Port, Sarasota, Bradenton, FL TOP 10 MARKETS FOR GROWTH 10% 878,078 3.6 9% 1,381,607 3.4 9% 221,582 5.3 8% 233,031 6.6 8% 1,025,246 2.9 0% 469,020 8.0 0% 333,502 9.1 0% 327,086 9.1 0% 256,796 5.7 0% 274,285 5.5 0% 258,622 7.8 1% 222,939 7.1 1% 225,565 6.9 1% 206,923 15.1 2% 347,401 7.5 12mo Returns Months Supply 8% 2,370,055 4.4 7% 1,134,997 5.2 7% 1,642,466 2.2 7% 306,165 5.5 7% 631,835 2.7 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply Total HH BOTTOM 10 MARKETS FOR GROWTH Hartford-West, Hartford-East, CT Bridgeport, Stamford, Norwalk, CT New Haven, Millford, CT Syracuse, NY Little Rock, North Little Rock, Conway, AR El Paso, TX Harrisburg, Carlisle, PA Scranton, Wilkes-Barre, Hazelton, PA Jackson, MS Albany, Schenectady, Troy, NY 5 6 7 8 9 10 1 2 3 4 Portland, Vancouver, Hillsboro, OR/WA Portland, Vancouver, Hillsboro, OR/WA Seattle, Tacoma, Bellevue, WA Seattle, Tacoma, Bellevue, WA Palm Bay, Melbourne, Titusville, FL Palm Bay, Melbourne, Titusville, FL Denver, Aurora, Lakewood, CO Denver, Aurora, Lakewood, CO Dallas, Fort Worth, Arlington, TX Dallas, Fort Worth, Arlington, TX San Francisco, Oakland, Hayward, CA San Francisco, Oakland, Hayward, CA San Jose, Sunnyvale, Santa Clara, CA San Jose, Sunnyvale, Santa Clara, CA Deltona, Daytona Beach, Ormond Beach, FL Deltona, Daytona Beach, Ormond Beach, FL Tampa, St. Petersburg, Clearwater, FL Tampa, St. Petersburg, Clearwater, FL North Port, Sarasota, Bradenton, FL North Port, Sarasota, Bradenton, FL TOP 10 MARKETS FOR GROWTH 10% 878,078 3.6 9% 1,381,607 3.4 9% 221,582 5.3 8% 233,031 6.6 8% 1,025,246 2.9 0% 469,020 8.0 0% 333,502 9.1 0% 327,086 9.1 0% 256,796 5.7 0% 274,285 5.5 0% 258,622 7.8 1% 222,939 7.1 1% 225,565 6.9 1% 206,923 15.1 2% 347,401 7.5 12mo Returns Months Supply 8% 2,370,055 4.4 7% 1,134,997 5.2 7% 1,642,466 2.2 7% 306,165 5.5 7% 631,835 2.7 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply 12mo Returns Total HH Months Supply Total HH BOTTOM 10 MARKETS FOR GROWTH Hartford-West, Hartford-East, CT Bridgeport, Stamford, Norwalk, CT New Haven, Millford, CT Syracuse, NY Little Rock, North Little Rock, Conway, AR El Paso, TX Harrisburg, Carlisle, PA Scranton, Wilkes-Barre, Hazelton, PA Jackson, MS Albany, Schenectady, Troy, NY 5 6 7 8 9 10 1 2 3 4 Source: market data and forecast as of September 21, 2016 Bottom 10 Markets for Growth Over the Next 12 Months Unfortunately for the east coasters out there, many of the bottom 10 markets fall in that region—with Connecticut getting particular representation, holding down the top three spots on the low-growth list. Also getting the dubious honor of making HouseCanary's Bottom 10 Markets List are MSAs in Texas, New York, and Pennsylvania. With 2017 around the corner, housing market investors are scrambling to find reliable regional forecasts. There may be no crystal ball, but HouseCanary has developed the most accurate predictive models to give savvy investors a glimpse into the top—and bottom—metropolitan statistical areas (MSAs) expected to hit the news in 2017. The forecast below reveals that over the next 12 months, home prices in some markets will grow by as much as 10 percent, while other markets will see no growth at all.