markets that have appreciation

Despite a real estate market slow down leading the majority of U.S. housing into an all-time depression, there are still exceptions to the rule with markets that have appreciation, according to the latest Housing Predictor survey.

Only three states remain on the annual Housing Predictor state appreciation list, and all three are benefitting from the energy crisis with growing local economies. Strong oil and natural energy reserves give the three the likelihood to continue with appreciating housing markets through the remainder of 2008.

Housing Predictor forecasts more than 250 local housing market futures in all 50 states, and has attained one of the highest levels of accuracy with its forecasts for any research firm in real estate forecasting.

The over-whelming majority of states are in real estate depressions, according to the latest survey of real estate markets by Housing Predictor. Record breaking numbers of foreclosures have led to a national economic crisis precipitated by new creative mortgages. Rising gasoline, commodity and grocery prices are adding to the nation´s economic woes.


In Washington D.C., lawmakers are working on a series of proposals, but it seems that there´s little hope it will help resolve the real estate crisis. President George W. Bush has threatened to veto any plan that has any sort of bail-out provisions for homeowners. Housing Predictor was the first to forecast the foreclosure epidemic and is currently forecasting a total of 5.6-million foreclosures through 2011.

Falling home values have made it more difficult for homeowners and home new buyers to obtain financing as interest rates rise. The deflationary marketplace is sending the majority of the country´s home prices to new modern day lows.

Like many second home and vacation real estate markets Myrtle Beach attracts visitors from all over the east coast for its beautiful Atlantic beaches, and similar to many second home markets many owners have paid cash for their property immune to the national housing recession as a result.

But for those who want to sell or need to sell the Myrtle Beach market can be a tough place to be right now. Myrtle Beach has seen sales slow from the markets peak, and will see prices fall on average 8.2% in 2008, which makes it bargain hunting time for buyers.