Uneven Housing Market Growth Expected Over Next Five Years

According to a recent study, housing market recovery will experience uneven growth over the next five years. Data suggests that, by the year 2018, median home prices for single-family homes will average close to the peak that was achieved in 2006. Experts expect Tampa, Memphis, Jacksonville, St. Louis and Milwaukee to experience the largest gains in median priced single-family homes. Co-author of the report and chief research officer at the Demand Institute Louise Keely said, “the strength of the local housing market is among the most telling metrics that helps us assess community health and well-being.” More here

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