Thread: Top 10 Hottest Housing Markets in The United States

So the housing market is in the dumps, is it? These 10 communities in the country are telling a completely different story as housing costs are going up. Never forget that while there are macro trends in real estate they do not affect all communities equally. The media will lump this nebulous concept of real estate into 1 big bucket because it makes things easy for them, but do not get sucked into their malaise.

Every real estate market is different, and in each real estate market you will have hundreds of micro trends. If the people in Salt Lake City were listening to the media they would be giving their homes away, but instead they are enjoying a 21 percent increase in value.

You should take that as a lesson and find out exactly what is happening in your town or city before listing, you maybe surprised that the bleak news coming from your television bears no resemblance to the reality of the realty market.

Top 10 Hottest Housing Markets in The United States

1. Salt Lake City, Utah
* Median Home Price: $233,100
* One-Year Increase: 21.9%

2. Binghamton, N.Y.
* Median Home Price: $111,200
* One-Year Increase: 19.8%

3. Salem, Ore.
* Median Home Price: $227,900
* One-Year Increase: 16.7%

4. Farmington, N.M.
* Median Home Price: 201,900
* One-Year Increase: 14.0%

5. Allentown-Bethlehem-Easton, Pa.-N.J.
* Median Home Price: $274,500
* One-Year Increase: 12.8%

6. Beaumont-Port Arthur, Texas
* Median Home Price: $127,700
* One-Year Increase: 11.8%

7. Reading, Pa.
* Median Home Price: $157,800
* One-Year Increase: 11.2%

8. Glens Falls, N.Y.
* Median Home Price: $175,700
* One-Year Increase: 10.7%

9. Spokane, Wash.
* Median Home Price: $197,700
* One-Year Increase: 10.4%

10. Cumberland, Md.-W.Va.
* Median Home Price: $109,300
* One-Year Increase: 9.3%

This is interesting. It would be cool to figure out what may be sustaining these kind of housing trends in those markets. I'm guessing it's job driven, so what industries/companies are in those regions which are holding up the fort?

When people run from a high loss market or high tax market they tend to go to more obscure places where the housing costs arent so high. My parents in northern michigan live on 240 acres surrounded by state land in a 6 bedroom 5800 sq foot house.. appraised value $360,000. To a person leaving cali or florida due to housing market thats a mansion for nothing.

^^Yes it is. Over here 1mil will get you an old house in an average hood, if you are lucky.

Originally Posted by RAWMEAN

^^Yes it is. Over here 1mil will get you an old house in an average hood, if you are lucky.

How are the property taxes over there. My house here..built in 1990, 3500 sq feet, value 400k (was 560 before the housing issue) taxes are nearly 13k a year. My parents on all that land pay $895 per year.

Originally Posted by AutoAdrenaline

When people run from a high loss market or high tax market they tend to go to more obscure places where the housing costs arent so high.

5. Allentown-Bethlehem-Easton, Pa.-N.J.
* Median Home Price: $274,500
* One-Year Increase: 12.8%

Thats exactly what is happening in this market. Everyone is jumping the border from NJ over to this area because property taxes in NJ are out of control. There were a lot of good deals in Bethlehem because Bethlehem steel went under leaving properties to just sit. Now PA has approved the casino and resort that is going to take over the old Bethlehem steel so that is driving prices as well. I was looking at properties here last year but had to stop due to a new business. I'm going to be looking here again as well as Reading PA.

I think its' 1.XX I just paid 24K for my house 2 payments of 12k each. Damn.

Originally Posted by AutoAdrenaline

How are the property taxes over there. My house here..built in 1990, 3500 sq feet, value 400k (was 560 before the housing issue) taxes are nearly 13k a year. My parents on all that land pay $895 per year.

mine is excrowed into my mortgage payment.. my payment for P&I is less than taxes and insurance. Welcome to palm beach county florida.

where is Miami.... lol....

just north of cuba and just south of places you wont get shot for your car.