 Home | Profile | Archives | Blog Manager Recent PostsHousing bubble: Top 30 cities to watchCamCo Celebrates Business Rating Study: State Laws Against Predatory Mortgage Lending Work Without Cutting Off Credit Haddonfield and Collingswood - Affordable housing advances Builders seek role in Mt. Laurel case  RSS Blog FeedCategoriesBurlington CountyCamden County Cherry Hill Cinnaminson Delran Evesham/Marlton FHA Greeting - HouseJeanie Team Haddonfield Home Inspections Legislature - New Jersey Maple Shade Market Statistics Medford Moorestown Mortgage Information Mount Laurel New Construction Palmyra Philadelphia, Delaware Valley Real Estate and The Internet Reynard Run Riverton Schools Selling Your Home Taxes Delanco VA Loan Voorhees Home Buyers HUD Seniors Tenant Information Favorite LinksActive Listings from the MLSHouseJeanie Website HUD Sales HouseJeanie Team ArchivesMay 2006Housing bubble: Top 30 cities to watchPosted at 4:34 AM, May. 6, 2006Housing bubble: Top 30 cities to watchThe real estate market is shifting -- in what direction depends largely on where you live. Here's our forecast of the 10 cities where prices and values should continue to rise, 10 cities with little room to run and 10 that are most likely to decline. It's nice to see Philadelphia officially make the top ten list of values continueing to rise. Philadelphia: Major northeastern cities may be the least expected on a list like this, so we were somewhat surprised to see Philadelphia show up in a favorable position on several reports. The NAR quarterly report showed a 12% increase in appreciation between 2004 and 2005, high enough to encourage people to buy homes, but not at such a dizzying rate as to spark panic purchases. The housing-cost-to-income ratio, at 31%, is quite favorable compared to other large northeastern cities (53% in Washington, D.C., and Newark, N.J., and 72% in New York City) and while job growth is small, it's moving in the right direction. Some areas of the South Jersey Delaware Valley have had even higher increases in value.
For the complete story follow this link: http://realestate.msn.com/buying/Articlebankrate.aspx?cp-documentid=421682
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CamCo Celebrates Business RatingPosted at 5:42 PM, May. 4, 2006CamCo Celebrates Business Rating
The Camden/Burlington County region was rated tenth, just behind Tampa-St. Petersburg and one rung ahead of Jacksonville, Fla., on the list of booming areas. Las Vegas was the hottest of similar sized venues. In Camden County alone, more than $2 billion in projects are either under construction or on the drawing board. |
