10 Cities Where Home Prices Will Rise in 2011 -
While home prices are expected to continue to fall in most metro areas, Clear Capital’s Home Data Index report says a few cities are already on the rebound and showing some gains in home values. “There really is this segmentation of these markets occurring where the one-size-fits-all national level numbers to represent all numbers really isn’t valid anymore,” Alex Villacorta, senior statistician at Clear Capital, told MSNBC. “Overall we’re seeing prices start to stabilize going into 2011, but unfortunately some of those markets will stabilize in the downward direction where others will see a sustained recovery.”Clear Capital takes into account unemployment rates, foreclosure rates, and real estate inventory in its index.The following is a list of 10 cities that Clear Capital expects will rise in property value in 2011:
1. Washington, D.C.: 6.5 percent price increase
2. Houston: 3.6 percent price increase3. Honolulu: 3.4 percent price increase4. Memphis, Tenn.: 3.2 percent price increase5. Columbus, Ohio: 2.1 percent price increase6. Dallas: 1.4 percent price increase7. New York: 1.3 percent price increase8. Birmingham, Ala.: 0.9 percent price increase9. Pittsburgh: 0.8 percent price increase
10. New Orleans: 0.5 percent price increaseMeanwhile, Clear Capital reports that real estate markets in Florida and the Western parts of the U.S.—such as cities in Arizona and “Breadbasket metros” likeOklahoma City, Okla., and Dayton, Ohio—likely will see the largest price drops in home values over the year. Virginia Beach, Va., is expected to have the highest drop in 2011, with a 12.8 percent price decrease, according to Clear Capital report. Source: “Where Home Prices Will Rise, Fall the Most in 2011,” MSNBC (Jan. 26, 2011)


It's exciting news that the DC area is projected to have the largest HOME price increase in 2011. Is everyone ready? I see this as bargain time. I've been searching for the best bargains outside of Parkfairfax. Call The johnANDjohn TEAM at 703-820-9723 or email us at johnANDjohnTEAM@johnANDjohn.net or johnANDjohnTEAM@Parkfairfax.com There are some bargains IN Parkfairfax; but the majority of you reading this want to move on; so I've done the work.