Best 25 Housing Markets in the United States by The Housing Predictor

The Housing Predictor, Real Estate News & Forecasts in the Public Interest, posted August 17, 2011, the Recovery in the Best 25 Housing Markets in the United States.

If you have been listening to the national housing market reports and seeing what has been going on in the general Cedar Rapids area, things  here haven’t been all that bad. The housing inventory is only a few months and we’re one of the rare states in which our home prices are appreciating in all of its 2011 markets.

We do have foreclosures, but are not the plague they are in most states, which does help the real estate inventories in most of our communities.

After the federal tax incentive expired, Cedar Rapids did see a sharp drop in home purchases, but we have still seen an increase in home prices as well as buyer demand. Flooding in parts of the state has really impacted the Iowa housing market by forcing those who are unable to return to their homes to seek residence elsewhere. Flooding and our strong agriculture industry could appreciate housing prices 2.0% to 2.8% statewide this year.

If you would like to have even more detailed information of our local market or how your home compares to other homes in the market, contact me today! If you’re looking to purchase and need to know where to start – start here.

Statewide Markets at a Glance 2011

City     Forecast
Des Moines    

2.8%

Cedar Rapids    

2.0%

Iowa City    

3.2%

Sioux City

    2.4%
Davenport    

2.5%