Housing bubble: Top 30 cities to watch

The 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.

By Pat Curry, Bankrate.com

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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re: Housing bubble: Top 30 cities to watch

Posted by P. Erickson at 3:09 PM, Aug. 28, 2006

What do you think of Collingswood future appreciation? I have seen townhouses appreciate almost 100% in 3-4 years.I would think...thats it for a long time.Opinion? I think Collingswood has a great future. There is a lot more going on in Collingswood that just the Housing Price Surge that we have seen in the last few years. There is a very positive rennaisance on Haddon Avenue, the main street of Collingswood. There are new stores, restaurants and homes are being upgraded or fixed up. Right now Real Estate in general is undergoing an adjustment in pricing and/or taking longer to sell. There are more homes on the market but towns like Collingswood will see an increase in pricing in the future. If you are interested in detailed information of sales in Collingswood in the past year, just email your request to Bart@HouseJeanie.com. Bart Erickson - HouseJeanie Team

Edited by HouseJeanie on August 28, 2006 at 3:12 pm

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