5 cities where home prices will rise this year
By Amy Hoak, MarketWatch
“Despite recent price improvements nationally, only five markets in the country are expected to see home-price gains for the remainder of 2011: Washington, New York, Orlando, Dallas and San Francisco.
That’s right, Orlando, Fla., where prices have fallen 63% from their peak.
This is according to Clear Capital’s home data index forecast, released Friday. The company provides real-estate valuation and risk assessment information for financial institutions.
Granted, prices are expected to be up only 0.7% through the remainder of the year in Orlando, said Alex Villacorta, director of research and analytics for Clear Capital.
“This is really a drop in the bucket compared with where this market has fallen,” he said. Yet it’s an encouraging sign of stability for a housing market that suffered the majority of its losses in 2008 and 2009, Villacorta added.
On a national basis, home prices are expected to fall another 2.4% for the second half of the year, according to the report.”
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