Reno/Sparks the 6th best Housing Market in the U.S.

National home prices are down 29.1% since their Q1 2006 peak.

But over the next five years they are expected to rise 3.9%, according to the latest CoreLogic Case-Shiller report.

We drew on the latest data to identify the best housing markets for the next five years.

The top 15 cities are ranked by the projected annualized change in home prices between Q4 2012 and Q4 2017.

We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak, to offer a broader view of the local economy and housing market.

The Reno-Sparks metro area has a population of 429,606, a median family income of $63,300, and an unemployment rate of 9.4%, higher than the national unemployment rate of 7.6%.

Home prices are down 51.9% from their Q1 2006 peak, and the metro has a median home price of $186,000.

Annualized expected growth from Q4 2012 – Q4 2017: 

7.7%

 

http://www.businessinsider.com/best-housing-markets-for-five-years-2013-5?op=1

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