Dallas Housing Market Is Best Performer

Local Market Monitor, a premier real estate forecasting company, has released its latest Home Price Forecast. Dallas-Plano-Irving and Fort Worth-Arlington areas are both in the top 10 housing markets for best expected performance. 

The forecast surveys 300 U.S. housing markets and predicts market behavior over the next 12 months. It identifies markets where home prices will continue to drop as well as stable markets with opportunities for growth. 

According to the forecast, among the largest US markets-identified as those with populations greater than 600,000-the 10 markets with the best expected performance in home price are:

Baton Rouge, LA
Buffalo-Niagara Falls, NY
Dallas-Plano-Irving, TX
Fort Worth-Arlington, TX
Houston-Sugar Land-Baytown, TX
Little Rock-North Little Rock-Conway, AR
McAllen-Edinburg-Mission, TX
Oklahoma City, OK
Rochester, NY
San Antonio, TX
Syracuse, NY
Tulsa, OK
Wichita, KS 

These top housing markets did not experience the housing booms seen in California, Nevada and Florida a few years ago. Home prices in these areas are generally below the US average and reflect where the recession has so far had a relatively mild impact. Steady economic growth and price appreciation have helped these markets remain stable.