2016 South Dakota Real Estate Market Predictions

The 40th state is South Dakota which joined the United States in 1889. Known as The Mount Rushmore State, it is the 17th largest state at 77,116 square miles. But, does the South Dakota real estate market mirror the grand size of the state. The population is 814,180 making it 46th in the nation. The population has seen growth of 4 percent in the past five years (since 2011). South Dakota’s geography mostly consists the Great Plains, Badlands, and … [Read more...]

2016 Oklahoma Real Estate Market Predictions

Oklahoma became the 46th state in the United States in 1907. Known as the Sooner State, it is 20th in size at 69,899 square miles and 28th in population at 3,911,338. The terrain consists of small mountain ranges, prairies, mesas, and forests. The primary industries are natural gas, oil agricultural products, aviation, energy, telecommunications, and biotechnology. In turn, the Oklahom real estate certainly experienced ups and down based on the … [Read more...]

2016 Texas Housing Market and Real Estate Predictions

Texas, the Lone Star State, became the 28th state added to the United Stated in 1845. Centrally located on the country’s southern border, it is the second largest state at 268,581 square miles. These miles are covered by a wide variety of environments ranging from prairies, grasslands, and piney wood forests to mountains and coastline and coastal swamps. Less than 10 percent of the state is desert. … [Read more...]

2016 New Mexico Real Estate Market Predictions

The state of New Mexico, known as the “Land of Enchantment” was the 47th state added to the United States. It is the fifth largest state by size measuring 121,593 square miles. Despite its size, the population of 2,085,583 is only 36th in the country. Three American Indian reservations and 19 pueblos can be found in the state. New Mexico is the third leading producer of crude oil and natural gas in the United States which contributes to … [Read more...]

2016 Arizona Housing Market and Real Estate Predictions

Arizona, the Grand Canyon State, is the 48th state to become part of the United States. A size of 113,990 square miles makes it the sixth largest state by size. A population of 6,410,979 places Arizona 14th in population in the United States. Arizona is known for warm, sunny weather throughout the year. The state’s top employer is the state government followed by the healthcare and transportation industries. The current unemployment rate is 6.20% … [Read more...]

2016 Colorado Housing Market and Real Estate Predictions

Home prices in the Colorado Housing Market are surging. On virtually every real estate website such as Zillow and Trulia Denver, Boulder, and Colorado Springs real estate ranks high among the hottest housing markets in the country. After the first quarter of 2016, Denver real estate (always a top market in sales and price appreciation) ranked 3rd, Colorado Springs 11th, and Boulder 18th. Colorado has more cities in the top 20, second only to … [Read more...]

2016 Utah Real Estate and Housing Market Predictions

States in the West are expecting some of the strongest 2016 Housing Market activity in the country, and Utah real estate is near the head of the pack. The government-backed mortgage loan company Freddie Mack has named Northern Utah in particular as one of the top housing markets in their 2015 year-end Multi-indicator Market Index. “Housing markets such as Salt Lake City, Provo, and Ogden have strong buyer demand and they’re also still largely … [Read more...]

2016 Wyoming Real Estate and Housing Market Forecast

In May of 2012 the median home value in Wyoming was $78,500. Four years later that value has increased by $35,000 and is currently $113,500. Although the statewide median home value is one of the lowest in the country, the rate in which the value margin has increased in a relatively short time span is a big positive for the Wyoming’s real estate market. But like other energy-producing states, the oil industry continues to be a major factor for … [Read more...]

2016 Montana Real Estate and Housing Market Forecast

Traditionally Montana has relied on agriculture as it main source of income revenue. However, over the past decade, oil, tourism, lumber, and breweries have become a major contributing factor to Montana’s economy. And once again the big question for Montana Real Estate is, “Will there be a decline in business and jobs as a result of a decrease in energy and oil costs?” In February 2006 there were 23 oilrigs working in Montana. In 2012 the state … [Read more...]

2016 Nevada Real Estate and Housing Market Predictions

Last year the United States housing market saw default numbers fall to the lowest levels since 2006. However, this was not the case for Nevada real estate. The housing market in Nevada had its housing distress statistics actually increase in 2015, and real estate market agents in the state expect more of the same for 2016. This is nothing new for the Silver State. For the past ten years Nevada has been in the top five nationally for default … [Read more...]