Don’t call it a comeback. But the housing market is seeing an improvement in fundamentals across the nation thanks to growing employment rates, low vacancy rates, and low foreclosure inventory.
The latest data from Trulia suggests that several major metros will have a strong year when it comes to home sales.
But no need to fret, there is room at the table for everyone. Rents continue to outpace home price gains nationally. Rents rose 5.6 percent in November compared to the previous year, outpacing the national price gain of 3.8 percent, according to Trulia.
And in some markets, rent and for-sale gains are simultaneously strong: Houston, for instance, had year-over-year rent increases of 16.8 percent in November, and also leads the list of most promising for-sale markets.
Here are the 10 cities that Trulia predicts will have a strong year in 2013 for single-family home sales. Adjust your strategy accordingly. (Spoiler alert—Texas is still king).
1. Houston, Texas
2. San Francisco, Calif.
3. Bethesda-Rockville-Fredrick, Md.
4. San Antonio, Texas
5. Austin, Texas
6. Seattle, Wash.
7. Omaha, Neb.
8. Peabody, Mass.
9. Fort Worth, Texas
10. Louisville, Ky.
