Destin, FL – April 5, 2011 – (RealEstateRama) — There’s some good news in the U.S. housing market, and starting this week Housing Predictor is introducing a new real estate index to keep closer track of cities that are about to break into a housing recovery and those that are bottoming out.
The new “Watch List” is monitoring markets to determine changing conditions in local economies that will lead housing markets out of the real estate downturn. Driven by there own political and economic forces, all markets are different in real estate and some markets do better than others. Despite major disruptions, a form of national banking, flawed mortgage lending and rough economic times, one thing has remained a certain: All real estate markets are local in nature
Cities that make the “Watch List” have attained at least two major improving economic trends. The U.S. has a long way to go in its economic recovery of housing markets as a series of destabilizing factors trouble the economy. Employment is the major driving factor behind the nation’s recovery in the housing market since people without jobs generally can’t buy homes.
Historically housing leads the U.S. economy out of economic recessions. Housing Predictor tracks more than 230 local housing markets in all 50 U.S. states, forecasts markets across the country and keeps visitors up to date on real estate news and mortgage rates.
