Deep Creek Lake Real Estate Blog - Jay Ferguson

Deep Creek Lake Real Estate Blog - Jay Ferguson
EVERYTHING under the sun about Deep Creek Lake, Maryland! Deep Creek Lake Real Estate Information, Local News & Happenings in Garrett County Maryland, Current Events, Local Business Profiles, Upcoming Attractions, Vacation Rentals, Resort Realty, Community Profiles, Homes for Sale, Restaurants & Dining, Entertainment Schedules, Festivals & Gatherings, Churches & Charities, Wisp Ski & Golf Resort, Swallow Falls State Park, Youghiogheny & Casselman River, Garrett County Fair & more!

Wednesday, January 18, 2012

Real estate pros find hope, hot spots for 2012

(Reuters) - This new year might be the one in which the housing market starts to strengthen, according to the 2012 predictions of several housing industry observers and experts.

Jed Kolko, chief economist at Trulia.com, a real estate search and research website, says he sees rising rents, a humble recovery in housing prices and even some unexpected "hot" spots where he thinks price increases will exceed the average this year.

"Smart cities are hot," he said in his annual forecast, highlighting Austin, Houston, San Jose, Boston and Rochester, New York, as cities where home prices can be expected to see modest to healthy increases.

Rochester might seem a surprising addition, since the city lost many jobs when the photography colossus Kodak thinned its ranks. Seems things are rebounding; "In Rochester, a center of high-skill manufacturing industries, education levels are well above the national average," Kolko wrote. "As the recovery proceeds, smart cities are leading the way."

More here.


Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!
877-563-5350 - toll free

No comments: