Destin, FL – February 14, 2011 – (RealEstateRama) — The best housing markets forecast in 2011 have been named by Housing Predictor, which forecasts local markets in all 50 U.S. states. Markets are annually selected by the real estate research firm, and updated as regional market conditions demand over the entire year.
Despite the troubled economy, 11 states markets are included in the list, which is led by Portland, Maine. Communities in the Mid-West, extreme North and North-East hold most of the spots on the list. But there are also selected markets in the South and Western states on the top 25 list.
However, there’s no shortage of housing markets that will experience deflation during the year as the U.S. struggles to recover from the worst downturn in real estate in decades. The foreclosure crisis has topped 5-million homes and is gaining momentum as more and more homeowners, who have lost equity in their homes walk away from properties.
Consumers, bankers, mortgage companies, retail outlets and real estate firms consult Housing Predictor forecasts. Housing Predictor forecasts more than 230 housing markets in all 50 states and offers real estate news, mortgage rates and analysis on the housing market at http://www.housingpredictor.com