The next hot US housing markets?

[bobliocatt]

The next hot housing markets?

12 fast-growing cities that are still cheap

Average prices nationwide are soaring, but for every San Diego, there

[sunshine]

Wow, didnt know Jacksonville houses are so much more cheaper than Orlando. I need to move there.

[MrSmith]

Wow, didnt know Jacksonville houses are so much more cheaper than Orlando. I need to move there.

<{POST_SNAPBACK}>

After this hurricane season, I wonder if places along the Florida coast or gulf coast will will continue to see rising demand -- makes me think AZ or NV might be a better buy.

[bobliocatt]

^they said the same thing after Florida got hit by 4 hurricanes last year. Needless to say, grow hasn't slowed. People have always been and will always be attracted to the beauty of a waterfront setting.

[hood]

I can't beleive median house values are so high, I guess $200,000 is now considered normal?

[afh]

What that article doesn't say is that the CURRENT median housing price in the Phoenix metro area is 250k. A 40% increase over last year. It also doesn't tell you that the CURRENT median home price in the Jacksonville area is 187k. When looking at numbers, the median is always a better indicator than an average b/c you can have numbers that skew and average on the high end or low end. I when I saw Phoenix at the top of that list I about feel out of my chair laughing. It appears that they averaged the median prices for a 5 yr period.

[fivedayrental]

interesting article. our parents bought their house in January, 1995 for about $185,000 but now with some improvements (remodeled bath, driveway, new siding, new deck, new toolshed, among a couple of other things) could sell for easily $415,000.

[cheeriokid61]

Where did they buy their house?

[fivedayrental]

Where did they buy their house?

(northern) fairfield county, ct (danbury,ct in particular), and there is significantly cheaper than the rest of the county (such as greenwich and fairfield) and is just as far from NYC (1 hr by train). it is just as far from the city as most of long island, but its alot nicer and a little bit cheaper too.

[MadVlad]

Isn't St. George radioactive?

[cheeriokid61]

Maybe that's why it's affordable!