Top 10 Markets for Home Appreciation -Many in the NW!

They’ve always said location is important – and, according to Housingwire.com, these 10 markets listed below are nodding in agreement.

The markets below will see residential property values rise an average of 7.85% in the next year, which is more than twice the 3.7% rate estimated for the rest of the country. Experts are anticipating seeing this change through March 1, 2020.

Why are these markets anticipating an increase?

Major influencers for these small-to- mid-sized markets are low housing supplies and steady population growth.

Here are the ten markets estimated to see the highest rates of value:

Idaho Falls, ID10.2%
Odessa, TX8.8%
Boise City-Nampa, ID8.7%
Bellingham, WA7.8%
Olympia, WA7.6%
Midland, TX7.5%
Phoenix-Mesa-Glendale, AZ7.1%
Spokane, WA7.0%
Yakima, WA6.9%
Kennewick-Pasco-Richland, WA6.9%

It should be noted, however, that although these increases are greater than estimated for other areas, they are down slightly from previous year with the average increase being 8.3%. Experts agree that this shows a slowdown for most markets.

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