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Hottest 10 Buyers Markets
Editor's Note: Access the 2008 Hottest Buyers Markets through the menu on the left.
Powered by rich expansionary growth and booming local economies, Housing Predictor's list of the Hottest 10 Buyers Markets in 2007 shows there are still strongly appreciating real estate markets in the U.S.
Albuquerque, New Mexico is Housing Predictor’s selection for the Number 1 spot on the Top 10 list. Bulging with a population nearing a million, Albuquerque is growing like never before, attracting the movie business from Hollywood, a new airplane factory and many other new businesses.
Housing Predictor’s selection of the Hottest 10 Buyers Markets are based on surveys conducted on 75 markets under consideration from more than 250 local housing markets forecast on the web site. The highest amount of forecast appreciation during the remainder of 2007 was given the heaviest weight in the survey. Market conditions, sales velocity, pricing and more than 20 other factors were also considered.
Five Texas markets are included on the list, including McAllen, which placed second. In early 2006 Housing Predictor forecast the current boom in Texas.
Salt Lake City, Utah placed third. Although Salt Lake is witnessing its market begin to slow down from its frenzied pace, the brakes won’t hit strong enough until late this year, keeping the market at a rich stride through the end of the year.
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| Rank |
Real Estate Market |
Median
Price |
2007 Forecast |
| 1. |
Albuquerque, NM |
$194,000 |
9.1% |
| 2. |
McAllen, TX |
$112,000 |
8.9% |
| 3. |
Salt Lake City, UT |
$241,000 |
8.6% |
| 4. |
Austin, TX |
$174,000 |
8.2% |
| 5. |
Seattle, WA |
$380,000 |
8.2% |
| 6. |
Houston, TX |
$148,000 |
7.8% |
| 7. |
Biloxi, MS |
$204,000 |
7.5% |
| 8. |
El Paso, TX |
$132,000 |
7.2% |
| 9. |
Portland, OR |
$241,000 |
6.7% |
| 10. |
Dallas, TX |
$161,000 |
6.4% |
The Hottest 10 Buyers Markets represent growing local economies, which are sure to foster growth into 2008 and some even into the following decade.
Austin, Texas placed fourth, followed by Seattle, Houston and Biloxi, Mississippi, which is experiencing its largest growth in history with new condominium developments following the devastation of Hurricane Katrina. El Paso, Texas, Portland, Oregon and Dallas round out the list at the half way point of 2007.
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