Where is real estate predicted to bounce back quickest?
In an article I saw on Forbes.com, analysts are predicting where and when markets are going to start turning the corner from a housing slump to a recovery position.
Interestingly enough...Tampa, Fl ranked #1 with the market bottoming out in Q1 of 2008 and a price appreciation of 10.6% after the bottom is reached. Phoenix, AZ was #2 with a bottom in Q4 of 2008, price appreciation of 7.7% and San Diego, CA was #4 with a bottom in Q2 of '08 and price appreciation of 7.2%.
Tampa is reported to have a strong economy, subprime lending there is relatively low and the huge inventory (almost 25%) of investment/speculative housing is finally starting to level out.
Phoenix reportedly has a surging job market and good affordability rates. It too has been impacted by a high investor share. Once the market their bottoms out and inventories dissipate, price growth will be strong.
San Diego - analysts say economic success is critical to recovery here. As long as the economy can weather the correction, the labor market is heavily in housing related industries and should be okay.
This supports Barrier's decision to focus on capturing additional market share in areas like Florida (a successful region for us over the past several years) and also our strategy of focusing our sales and marketing effort on penetrating the markets of Arizona and California.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulative panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED,
Interestingly enough...Tampa, Fl ranked #1 with the market bottoming out in Q1 of 2008 and a price appreciation of 10.6% after the bottom is reached. Phoenix, AZ was #2 with a bottom in Q4 of 2008, price appreciation of 7.7% and San Diego, CA was #4 with a bottom in Q2 of '08 and price appreciation of 7.2%.
Tampa is reported to have a strong economy, subprime lending there is relatively low and the huge inventory (almost 25%) of investment/speculative housing is finally starting to level out.
Phoenix reportedly has a surging job market and good affordability rates. It too has been impacted by a high investor share. Once the market their bottoms out and inventories dissipate, price growth will be strong.
San Diego - analysts say economic success is critical to recovery here. As long as the economy can weather the correction, the labor market is heavily in housing related industries and should be okay.
This supports Barrier's decision to focus on capturing additional market share in areas like Florida (a successful region for us over the past several years) and also our strategy of focusing our sales and marketing effort on penetrating the markets of Arizona and California.Fire-rated sheathing, town homes, multi-family construction, housing market, small cap, otcbb, ibtgf, barrier, blazeguard, mycoguard, fire-rated paint, intumescent paint, mold, mildew, fire-retardant plywood, frt, sips, structurally insulative panels, fire-rated wall assemblies, commercial modular, modular home construction, green building products, LEED,
posted by Barrier at 3:24 PM
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