ALBUQUERQUE NM TOPS FORBES LIST
To determine where home prices are expected to rise most in the next couple of years, Forbes.com looked at projections for housing starts from the National Association of Home Builders and job growth projections from Moody's Economy.com
Forbes identified cities that are likely to be vibrant markets bcause jobs are increasing and the housing market wasn't overbuilt during the boom.
"The logic is pretty straight forward"' says Mark Zandi, chief economist at Moody's Economy.com. "People will spend as much on housing as their income will allow them. Housing prices are very closely tied to household income over the long run when you look at business cycles".
According to Forbes, these are the 10 cities where home prices are most likely to rise:
*Albuquerque, N.M.
*Charlotte, N.C.
*San Antonio, Texas
*Portland, Ore.
*Austin, Texas
*Salt Lake City, Utah
*Colorado springs, Co.
*Minneapolis, Mn.
*Atlanta, Ga.
Oklahoma City, Ok.
Forbes identified cities that are likely to be vibrant markets bcause jobs are increasing and the housing market wasn't overbuilt during the boom.
"The logic is pretty straight forward"' says Mark Zandi, chief economist at Moody's Economy.com. "People will spend as much on housing as their income will allow them. Housing prices are very closely tied to household income over the long run when you look at business cycles".
According to Forbes, these are the 10 cities where home prices are most likely to rise:
*Albuquerque, N.M.
*Charlotte, N.C.
*San Antonio, Texas
*Portland, Ore.
*Austin, Texas
*Salt Lake City, Utah
*Colorado springs, Co.
*Minneapolis, Mn.
*Atlanta, Ga.
Oklahoma City, Ok.