Posted by Valerie Robinson on February 19, 2016, 4:40 PM
Not everyone's favorite subject or topic for discussion is mortgage interest rates but
with the intended increase many are speculating about their indexes and impact on home affordability. But more important is how and which housing markets will this rates effect? Accordingly to Bank Rate, a great source used by many financial institutions and its banking official's. I have found its a resource of home information for all investor even real estate investors! Why? It's a fairly accurate, plus it has forecasted that "Home values rose 6.9% in the last quarter of 2015. Remember that I said, "The Last Quarter!". But as real estate investors no doubt, many of you have seen some property values on the decline instead of an increase! That's exactly what the Bank Rate Article" THE 5 HOUSING MARKETS FALLING FASTEST" emphasize. The article even stressed were the prices fell the fastest and No "Flint, Michigan was not on that List!
1. TRENTON-EWING, NEW JERSEY
2015 Quarter 4 Median home Price: $228,300- Down 10.8%
2. ERIE, PENNSLYVANIA
2015 Quarter 4 Median Home Price: $108,600=Down 8.6%
3. KANKAKEE-BRADLEY, ILLINOIS
2015 Quarter 4 Median Home Price$105,700 -Down 8.4%
4. BLOOMINGTON-NORMAL, ILLINOIS
2015 Quarter 4 Median Home Price:$153,900- Down 7.5%
5. ATLANTIC CITY, NEW JERSEY
2015 Quarter 4 Median Home Price:$196,200- Down 6.6%
The TOP 5 HOUSING MARKETS ON THE RISE WILL POST ON OUR END PAGE
It's the Numbers and the market and its current conditions...Be mindful and invest wisely!