MARKET & TRENDS
LOCAL MARKETS
HOME PRICE INCREASE
JOB GROWTH RATE
PRICES VS INCOME
LOCAL MARKET MONITOR
LATEST
6 MOS. AGO
12 MOS. AGO
Fayetteville, AR
8%
7%
6%
2.9%
-22%
Seeing Things Differently A DIFFERENT POINT OF VIEW CAN SHED LIGHT ON YOUR INVESTMENT STRATEGY.
Huntsville, AL
6%
5%
4%
2.4%
-17%
Columbus, OH
6%
8%
8%
1.1%
-9%
Killeen-Temple, TX
8%
6%
6%
2.8%
-6%
by Ingo Winzer
Atlanta, GA
8%
9%
9%
2.0%
0%
t the last winter Olympics, snowboarder Ester Ledecka won the gold medal in the super G ski race (on skis) to the shock of everyone, including herself. When asked how this was possible, her coach said, "Because she's a snowboarder, she sees the hill differently." This month, let's look at real estate markets a bit differently. Instead of highest or lowest this or that, let's just look at consistency. After all, that's what most investors are looking for — especially now, when many booming markets seem poised on the edge of a bust. The other metrics in these 10 markets are also pretty good, but most striking is how consistent the demand for housing has been as shown by the rate at which A
home prices have increased. I've ranked them by how much prices compare to the income price; my prejudice is against markets like North Port and Austin where they're much higher, but I can't argue with the facts. •
Raleigh, NC
5%
7%
6%
1.5%
2%
Greenville, SC
7%
8%
8%
1.5%
4%
San Antonio, TX
7%
7%
7%
1.7%
13%
Ingo Winzer is president of Local Market Monitor, which analyzes conditions in 300 U.S. markets, using such economic data as home values and growth in employment and population. Winzer, who has analyzed real estate markets for more than 20 years, was a founder and executive vice president of First Research, an industry research
North Port, FL
5%
6%
7%
1.4%
30%
Austin, TX
6%
6%
6%
2.3%
31%
company that was acquired by Dun & Bradstreet in March 2007. He is a graduate of MIT and holds an MBA in finance from Boston University. Winzer resides in Cambridge, Mass.
Source :: Local Market Monitor
90 | think realty magazine :: january / february 2020
thinkrealty . com | 91
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