Predictions: 10 Healthiest Housing Markets of 2013 Includes Seattle
In real estate, as you might have heard, location is everything. It’s relatively straightforward to figure out which neighborhood in a particular town is the right location, location, location for your needs – schools, character, proximity to amenities and things like crime rates and commutability render a given neighborhood more or less of a good fit for a given home owner.
But how can you tell which cities you should feel optimistic about in the coming year?
It’s all about the fundamentals, folks.
I sat down with Trulia’s Economist, Jed Kolko, and asked him for his short list of spots across the country that he projects will be the healthiest housing markets in 2013, and for his rationale behind picking the cities that made the list. Kolko explained: “The healthy markets that made the list have strong job growth (Bureau of Labor Statistics), which bodes well for housing demand; low vacancy rates (U.S. Postal Service)–low enough to encourage new construction, but not so low that inventory and sales are restrained; and low foreclosure inventory (RealtyTrac), since foreclosures tend to hold back recovery.”
Read on here.