Who’s Hot and Who’s Not

I want to follow up more on the OFHEO report on real estate appreciation in the United States. As I mentioned last time our area is improving compared to many other areas in the country. So this begs the question; what are the hottest and slowest markets in the country?

 

First the top 20 areas for real estate appreciation during the past year:

 

  • Wenatchee, Washington 23.54%
  • Provo – Orem, Utah 18.21%
  • Salt Lake City, Utah 16.03%
  • Ogden-Clearfield, Utah 15.22%
  • Grand Junction, Colorado 14.3%
  • Longview, Washington 13.6%
  • El Paso, Texas 12.49%
  • Salem, Oregon 11.98%
  • Mobile, Alabama 11.26%
  • Asheville, North Carolina 10.90%
  • Austin -Round Rock, Texas 10.76%
  • Lynchburg, Virginia 10.65%
  • Beaumont -Port Arthur, TX 10.62%
  • Gulfport-Biloxi, Mississippi 10.05%
  • Myrtle Beach, South Carolina 9.98%
  • Scranton-Wilkes Barre, PA 9.92%
  • Seattle, Washington 9.89%
  • San Antonio, Texas 9.63%
  • Tacoma, Washington 9.34%
  • Spokane, Washington 9.3%

The 20 worst performing markets for the past year are:

  • Merced, California -8.65%
  • Santa Barbara, California -8.10%
  • Stockton, California -7.20%
  • Punta Gorda, Florida -7.12%
  • Salinas, California -6.95%
  • Modesto, California -6.51%
  • Yuba City, California -6.29%
  • Sarasota, Florida -6.19%
  • Sacramento, California -6.07%
  • Reno, Nevada -5.37%
  • Santa Rosa, California -5.35%
  • Fort Meyers, Florida -5.33%
  • Palm Bay, Florida -4.64%
  • Port St. Lucie, Florida -4.59%
  • Santa Cruz, California -4.58%
  • West Palm Beach, FL -4.51%
  • San Luis Obispo, California -4.40%
  • Ventura, California -4.31%
  • Vallejo, California -4.24%
  • Bay City, Michigan -4.21%

On the map above the top performing areas are marked in yellow and the poor performing areas are marked in red. 19 of the 20 worst markets over the past year have been in California and Florida. The top performing areas have been a bit more spread out.

 

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