Forbes has come out with its Annual List of cities where home values are projected to rise in 2011. 2 of our market areas, DC and Bethesda, are featured. Conversely, on the list of those cities that will likely see price decreases, none of our market areas are represented. It’s mostly Florida and Las Vegas for fairly obvious supply/demand reasons.
The authors state: “We see a predictable pathway that home prices follow,” explains Winzer. “If you know where in the cycle a market is, you can make some predictions about where it will go in the next one, two, three years.”