Firm Suggests Some Areas May See Improved Real Estate Prices in 2011
A firm which tracks real estate trends expects some parts of the U.S. to see significant improvements in their real estate prices this year.
Veros Real Estate Solutions, a software and analytic firm that tracks real estate trends, has forecast that certain markets will see between a 2.5-3.5% increase in real estate prices. Areas with the strongest markets were forecast to include Washington State's tri-city area, Pittsburgh, Pennsylvania, Fargo, North Dakota, and the Washington D.C. metro area. But Orlando, Florida, Reno, Nevada and Boise, Idaho were forecast to experience the nation's greatest depreciation rates in the coming 12 months, a trend which continues from prior periods, the firm said.
Significantly and good news for CUs in the San Diego, California area, real estate prices in that city were forecast to see a 3.5% jump in prices this year.