Housing industry experts are saying that the United States is now in a sustainable recovery period post-recession. Fitch Ratings recently forecasted that U.S. home prices are expected to rise 4.6 percent in 2018.
The housing market in the U.S. has experienced a major uptick over the past two years.
Ten states in particular, mostly in the Southern and Western regions of the nation, are slated to have strong housing markets in 2018. Nevada topped the list, as home prices are expected to continue to rise.Nevada
Housing forecasts for Nevada suggest that the market will continue to be strong,home prices will continue to rise in 2018 The fact that the state is home to Las Vegas —where median home values are expected to rise approximately 5.8% over the next 12 months.
2. Texas Dallas and many other areas in the Lone Star state have seen a boom in housing over the past several years.The median home price in North Texas is $339,950. In 2018, home sales are expected to grow by six percent in 2018.
3. Florida
With the appeal of oceanside living, warm weather, and the ability to live an active lifestyle, Florida’s most popular areas are expected to see a more than 5 percent boost.The median home price in Deltona, the state’s most-booming housing area is $275,050.
4. California
housing demand is poised to remain strong into 2018.Those with top credit scores have a competitive advantage over the competition when it comes to securing a mortgage.One of the fastest-growing areas, Stockton, is predicted to grow its housing market by 4.6 percent, and the median home price there is $385,050.In the most desirable areas, would-be homebuyers have been largely squeezed out altogether.
5. Utah
The Provo/Orem region was recently ranked as the best-performing city by the Miliken Institute, In Salt Lake City, the median home price averages $360,000, and the market is predicted to grow 3.2 percent in 2018.
6. North Carolina
Home sales are predicted to grow 6 percent in 2018, and the median home price averages $325,000.
Charlotte is among the fastest-growing because it has capitalized on the popularity of mixed-use developments that surging in popularity across the country.
7. Colorado
The home of the Mile High City has seen some of the steepest price increases in housing of any other state in the U.S. over the past two years.
Colorado Springs tops the cities for growth and the median home price there is slated to rise 5.7 percent this year.
8. Tennessee
According to a Nashville Realtor, single-family homes in the city’s premier suburbs often fetch multiple offers above asking price “overnight.”
Currently the median home price hovers around $358,500
9. Oklahoma
That makes it an attractive option for those looking to secure a mortgage with a manageable payment.
Home prices average $99,000 there, which a bit lower than the national average, and also lower than the statewide median home price of $116,800.
10. Georgia
In a one-year period between July 2016 and July 2017, home values jumped 10 percent.