MSN Reports OKC and Tulsa as Top 5 Markets in Real Estate for 2011!
The 5 best markets
And which areas did LMM pinpoint as having the best prospects for buyers in 2011? (Don't get too excited. The good news here isn't great, but it's better than the alternative.)
- San Diego-Carlsbad-San Marcos, Calif.: The average price in this boom-and-bust market is predicted to increase 1% over the next year from the average actual home price of $336,679 at the end of the third quarter.
- Oklahoma City: Homeowners here will be OK, with an increase of 1% in 2011, from an average of $156,948.
- Tulsa, Okla.: No risk here: Prices will stay flat next year at $151,384.
- Cincinnati-Middletown, Ohio-Ky.-Ind.: Ditto for this area: Prices will remain flat, at $175,347.
- Lexington-Fayette, Ky.: This is a market at bottom: Prices here will decline about 1% from the average actual home price $183,084.
What? A decline passes for good news? I guess it does in today's dismal market. There were also signs of easing in some of the nation's most distressed markets, including Phoenix, Atlanta, Chicago, Detroit and Minneapolis. LMM expects prices in those cities to dip more modestly next year than it had predicted just one quarter ago.
Read full article here: http://realestate.msn.com/article.aspx?cp-documentid=26601873>1=35006