With housing values set to appreciate 5.6 percent in 2012, Bismarck, N.D., is expected to be the strongest market in the country in the year ahead, according to a recent report by risk management and valuation services firm Veros.
The firm analyzed the growth prospects for the nation's housing markets and found that the Great Plains markets and submarkets show the most signs of strength. The weakest U.S. markets are in Nevada, inland areas of California, Washington, and Oregon, according to the report.
Projected Five Strongest Markets
1. Bismarck, ND 5.6%
2. Honolulu, HI 2.9%
3. Fargo, ND-MN 2.0%
4. Harrisburg/Carlisle, PA 1.9%
5. Pittsburgh, PA 1.9%
Projected Five Weakest Markets
1. Bakersfield, CA -5.5%
2. Reno/Sparks, CA -5.1%
3. Deltona/Daytona Beach/Ormond Beach, FL -5.1%
4. Las Vegas/Paradise, NV -5.0%
5. Fresno, CA -4.8%
To see the Veros presss release, click here.
