5 US cities where home prices will rise this year

Marketwatch ^ | 07/09/2011 | Amy Hoak

[SeekAndFind]

Despite recent price improvements nationally, only five markets in the country are expected to see home-price gains for the remainder of 2011: Washington, New York, Orlando, Dallas and San Francisco.

That’s right, Orlando, Fla., where prices have fallen 63% from their peak.

This is according to Clear Capital’s home data index forecast, released Friday. The company provides real-estate valuation and risk assessment information for financial institutions.

Granted, prices are expected to be up only 0.7% through the remainder of the year in Orlando, said Alex Villacorta, director of research and analytics for Clear Capital.

“This is really a drop in the bucket compared with where this market has fallen,” he said. Yet it’s an encouraging sign of stability for a housing market that suffered the majority of its losses in 2008 and 2009, Villacorta added.

[bigbob]

Washington DC, I can see that. It’s one of few places where jobs are “being created”. At our expense.

[Big Horn]

We are headed for a crash like we have never seen.We need a big change in leadership.

[Vaduz]

Yet it’s an encouraging sign of stability.Yeah like only having three flat tiren not four.

[hal ogen]

Citizen...be quiet, get to work (if you have a job) and pay your taxes. We need your money here in WDC.

[Oatka]

“This is really a drop in the bucket compared with where this market has fallen,” he said. Yet it’s an encouraging sign of stability

Over 60 years ago when I was a kid growing up in NYC, the Daily News had an item titled something like "He Really Meant It". It seems jumping off the top of the Empire Building was one way to go out in a spectacular manner then and some guy tried it. He fell about 10 stories and hit the outcrop of the building. He too had a momentary "encouraging sign of stability". He then crawled over the edge and continued his journey.