U.S. housing markets that are projected to see slowest growth in home prices

Still, U.S. housing markets face headwinds, the biggest hurdle, i have noticed so far in buying a home is that there “aren’t many to choose from.” As more buyers are running after dwindling inventories of houses and foreclosed properties (fewer) that sell at discount — prices are beginning to rise in markets.

Based on a report released by the National Association of Realtors, non-American buyers now accounted a total of $82 billion in home sales last year.

More than $7 billion of that is by the Chinese investors, who are now the second largest foreign home buyers after Canadians. Chinese are buying high-end, multimillion-dollar homes from California to New York and paying cash.

According to Shanghai magazine Hurun Report, mainland China has almost 1 million millionaires and nearly half of them say they want to invest in the United States.

With the unemployment rate coming down, these are few housing markets that are projected to see the slowest growth in home prices:

1) Miami-Miami Beach-Kendall, Florida - Annualized expected growth from 2012 – 2017: -0.6 percent

2) Fort Lauderdale-Pompano Beach-Deerfield Beach, Florida - Annualized expected growth from 2012 – 2017: -0.2 percent

3) Naples-Marco Island, Florida - Annualized expected growth from 2012 – 2017: +0.9 percent

4) Phoenix-Mesa-Glendale, Arizona - Annualized expected growth from 2012 – 2017: +1.1 percent

5) Midland, Texas- Annualized expected growth from 2012 – 2017: +1.2 percent

6) Elmira, New York - Annualized expected growth from 2012 – 2017: +1.3 percent

7) Denver-Aurora-Broomfield, Colorado - Annualized expected growth from 2012 – 2017: +1.3 percent

8) Atlantic City-Hammonton, New Jersey - Annualized expected growth from 2012 – 2017: +1.4 percent

9) Clarksville, Tennessee-Kentucky - Annualized expected growth from 2012 – 2017: +1.4 percent

10) Ann Arbor, Michigan - Annualized expected growth from 2012 – 2017: +1.5 percent

11) Washington-Arlington-Alexandria, DC-Virginia-Maryland - Annualized expected growth from 2012 – 2017: +1.6 percent

12) Ithaca, New York - Annualized expected growth from 2012 – 2017: +1.7 percent

13) Nashville-Davidson–Murfreesboro-Franklin, Tennessee – Annualized expected growth from 2012 – 2017: +1.7 percent

14) Amarillo, Texas - Annualized expected growth from 2012 – 2017: +1.7 percent

15) Crestview-Fort Walton Beach-Destin, Florida - Annualized expected growth from 2012 – 2017: +1.8 percent

Follow me

Steve Gavriliuc

SENIOR EDITOR at CEOWORLD Magazine
A longtime internet addict and casual writer, recognized expert in Infrastructure, Web Operations, and Technology. Organizes, manages and leads the day-to-day operation of the Information Center by reinforcing the mission and providing compellingcontent.(sgavriliuc@ceoworld.biz)
Follow me

By: Steve Gavriliuc

Past Views: 587262 Views

Posted In

Tagged as:

About the Author

A longtime internet addict and casual writer, recognized expert in Infrastructure, Web Operations, and Technology. Organizes, manages and leads the day-to-day operation of the Information Center by reinforcing the mission and providing compelling content.(sgavriliuc@ceoworld.biz)