Real Estate Downturn Shouldn’t Hurt the Carolinas!

In spite all the doom and gloom about the current downturn in the housing market, Veros Real Estate Solutions, an industry leader in predictive technology for the real estate industry has predicted that 2 Carolina markets will continue to see an appreciation in  real estate values.  So, in spite of what many of the ‘Chicken Little’ naysayers  might want you to believe,  real estate is still very strong in the Carolinas.

Here’s a bit of the Veros’ report:

 Veros Forecasts Nation’s 10 Strongest and Weakest Markets

—Proven Forecasting Technology Indicates Some Markets Still Have Strong Home Price Appreciation—

94th Annual Mortgage Bankers Association Convention and Expo

BOSTON–(BUSINESS WIRE)–Santa Ana, Calif.-based Veros Real Estate Solutions, the industry leader in predictive technology, announced from the 94th Annual Mortgage Bankers Association Convention and Expo the release of its latest quarterly forecast results for Q3 2007 through Q2 2008, revealing the strongest and weakest markets for the next 12 months. Since its initial release in October of 2003, VeroFORECAST continues to be the most accurate forecasting model in the residential real estate market. Based on the company’s proprietary forecasting modeling the results clearly indicate that, although there are areas of significant concern, not all markets are experiencing drastic reductions in real estate values.

According to Veros, the markets that will experience the strongest growth and, in contrast, the most rapid depreciation in home values for Q3 2007 through Q2 2008 are:

Top 5 Strongest Markets
Raleigh-Cary, NC (7%)
Austin-Round Rock, TX (6%)
Charlotte-Gastonia-Concord, NC-SC (6%)
Salt Lake City, UT (6%)
Albuquerque, NM (5%)

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