Here is a link to a fascinating article from Forbes that lists the Top 5 Best and Worst Housing Markets in the country with data released February 24, 2009. As we navigate through these challenging economic times, any information that we can have about the housing market is very beneficial for each of us.
No matter what market you are in, Home Staging is a vital marketing opportunity that should be used whenever possible. Knowing how homes are selling in your area will allow you to strategically market your services based on the local conditions.
Hope this information is helpful.
Forbes List of Best and Worst Housing Markets
5 best housing markets
1. New York
5. San Diego
5 worst housing markets
1. Las Vegas
2. Phoenix
3. Detroit
4. Minneapolis
Click here to see Forbes.com's full slide show of the 10 best and 10 worst U.S. housing markets.
I wonder where Fort Wayne ranks...
Boy I'm glad I'm right between D.C. and New York. Our prices are also better than both which has helped us weather the storm quite well recently...
Well, here in Los Angeles we may not be in the top 5, but at least we're not in the bottom 5! Thanks for the informative post!
Jared ~ You can find more cities on the Forbes site. Good Luck!
Michael ~ Glad you've been able to hang in there. Hope you continue to do well...
Annie ~ LA may feel the downturn, but California will always be a good market compared to many others. Hope your staging is doing well down there. I was just in LA last week!
David ~ It's nice to see that our Portland is in the Top 5! Thanks for the link to an interesting article.
David,
Does Forbes have any good informaiton that you know of that is specific for commercial real estate?
Maureen ~ I was happy to see Portland make the list as well. Maybe that's why the phone has started to ring more! =)
Adam ~ I'm not super familiar with their site, but I'd check the data source that the article is based on. Otherwise I would do a Google search. Good Luck!
David: Amen to what Annie said. I was surprised to not see Los Angeles in the bottom 5. That makes me very hopeful. Nice to meet you last week. Too bad time was so short.
Wonderful! Some hope for Portland! I KNEW I picked the right city to live in! Great info!
Michelle ~ It is encouraging to at least see the statistics showing LA is doing well, even if it is not evident in the news and personal experience. Nice to meet you too. Perhaps I'll see you again in May.
Pangaea ~ Ditto! Thanks for the feedback.
It's great to see Detroit out of the top spot and is now #3
Virginia ~ Glad the info was at least a bit encouraging!