Which metros are expected to be hot in 2012?
Posted on Tuesday, May 1, 2012 at 7:32:34 PM
The economy and housing market go hand-in-hand, and as unemployment decreases and consumer confidence rises, new construction is beginning to pick up pace and existing-home sales rates are improving.
Research your local area metro to determine if now is a good time to buy. Before you sign that dotted line, understand there is more to the purchase than the low home price - the right residential financing option must also be available.
Here are three metros poised for improvement in 2012:
1. Miami, FL. Take a ride to the sunny side in the hip city of Miami. According to Housing Predictor, homes in this metro are expected to increase in value by 8.2 percent by the end of 2012.
2. Tulsa, Okla. This metro ranked third on a list compiled by the National Association of Realtors in terms of the area that experienced the most year-over-year increase in home value. The median home value was $100,200 in February.
3. Kansas City, KS. Don’t discount the metros in the middle of the nation - homes in Kansas City are expected to increase in value by 5.8 percent, reports Housing Predictor.