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2012 Real Estate Market Predictions

activerain REAL ESTATE RECOVERY oR NOT 2012 PREDICTIONS BY THE PROS *REAL ESTATE AGENTS CALL THE BOTTOM IN 2012* The world's largest network of real estate professionals ActiveRain conducted a survey of 1,852 real estate professionals in the United States and Canada to understand the key real estate market trends at both national & local levels. FROM 2011 to 2012, REAL ESTATE PROFESSIONALS PREDICT: Real estate transactions will increase. THE BIGGEST CHALLENGES Local economies will FACING A REAL ESTATE RECOVERY start to improve. ARE BANK RELATED. Real estate values will be flat. 1. Short sales/ underwater mortgages New construction starts will increase slightly. 2. Homebuyer inability to get a loan 3. Foreclosures * People are relocating to low cost markets with reasonable housing prices & stable industries * Snowbirds are picking up senior housing on the cheap THE TOP TEN REAL ESTATE MARKETS * Investors are taking advantage of low interest rates and low prices * International buyers with cash are looking for second homes in the sun 1. Ft. Myers - Naples Boise Florida 2. Austin 3. Boise 4. San Antonio * Low cost of living 5. Miami - Ft.Lauderdale No state income tax 6. Denver 7. Dallas - Ft. Worth 8. Nashville 9. Houston * Job growth from corporate relocations Техas * Large technology and energy industries 10. Salt Lake City THE TEN BEST & WORST REAL ESTATE MARKETS Providence New York Cleveland OBoise Chicago Philadelphia( Springfield O Salt Lake City OReno O Denver Sacramento O Nashville Los Angeles O San Diego Dallas - Ft. Worth Austin San Antonio Houston Ft. Myers - Naples Miami - Ft. Lauderdale * High unemployment, ence on the finance industry THE BOTTOM TEN REAL ESTATE MARKETS * Persistence of short sales and foreclosures * Conventional loan limits making loan qualification difficult 1. Reno 2. Sacramento Chicago 3. Chicago 4. New York * Sellers are unrealistic * High reliance on the Wall Street * Highest number of foreclosures and short sales in the country 5. Providence 6. Springfield, MO 7. San Diego 8. Los Angeles 9. Cleveland 10. Philadelphia * Increasing unemployment in the banking and finance industries ★ High unemployment * High cost of living * High cost of living, high real estate prices California * Major state budget deficits causing cutbacks in services * Difficult to finance home purchases New York Canadian Real Estate Market Recovering "Rentals on the Rise." IN 2012, CANADIAN REAL ESTATE AGENTS SEE: IF I HAD $100k TO INVEST IN 2012, I WOULD BUY... Real estate values increasing. Local economies 2.3% 9.3% 4.7% improving. Rental property 51.2% 32.6% Residental real estate New construction starts increasing. Real estate transactions increasing. Savings account A new mattress Commercial property Canadian worries center focus on inflation and gas prices. Sponsored by: AT EchoSign. chatter" REALESTATE.COM market leader. Adobe You send. They sign. It's done. chattercreative.com Source: ActiveRain.com 2012 Find the full survey results and methodology at www.activerain.com/real-estate-values

2012 Real Estate Market Predictions

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The largest real estate social network ActiveRain Corp surveyed 1,835 real estate agents and real estate brokers in the US and Canada to understand if the real estate market and economy are poised f...

Publisher

ActiveRain

Category

Economy
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