Markets are fluid. Sometimes they go up, sometimes they go down. We have learned over the past five years that when a market goes up significantly most likely they will be headed down very soon.
According to FHFA.gov here are the hottest real estate markets in the country:
- Bismarck, ND 6.09%
- Blacksburg-Christiansburg-Radford, VA 1.79%
- Florence-Muscle Shoals, AL 1.69%
- Honolulu, HI 1.67%
- Springfield, IL 1.52%
- State College, PA 1.35%
- Waterloo-Cedar Falls, IA 1.23%
- Charleston, WV 1.23%
- Lincoln, NE 1.13%
- Fayetteville, NC 1.1%
- Sioux Falls, SD 0.97%
- Owensboro, KY 0.8%
- Buffalo-Niagara Falls, NY 0.58%
- Fargo, ND-MN 0.51%
- Pittsburgh, PA 0.49%
- Anchorage, AK 0.48%
- Fort Smith, AR-OK 0.45%
- Kennewick-Pasco-Richland, WA 0.26%
- San Antonio-New Braunfels, TX 0.24%
- Greeley, CO 0.17%
Note: Boulder County ranks 81st at -2.17%
Here are the bottom 20 areas that have had the worst home price depreciation over the past year:
- Boise City-Nampa, ID -16.13%
- Las Vegas-Paradise, NV -15.98%
- Phoenix-Mesa-Glendale, AZ -14.98%
- Punta Gorda, FL -13.97%
- Medford, OR -13.51%
- Prescott, AZ -12.94%
- St. George, UT -12.41%
- Redding, CA -12.36%
- Gainesville, GA -12.23%
- Coeur d’Alene, ID -12.11%
- Hagerstown-Martinsburg, MD-WV -11.87%
- Lakeland-Winter Haven, FL -11.76%
- West Palm Beach-Boca Raton-Boynton Beach, FL (MSAD) -11.61%
- Tucson, AZ -11.34%
- Ocala, FL -11.14%
- Yuma, AZ -10.98%
- Palm Bay-Melbourne-Titusville, FL -10.71%
- Reno-Sparks, NV -10.70%
- Orlando-Kissimmee-Sanford, FL -10.70%
- Deltona-Daytona Beach-Ormond Beach, FL -10.44%
