Kern No. 3 in Housing Price Gains Forecast
January 8, 2013
Kern County is expected to see the third highest gains in housing prices nationwide this year, according to a forecast released today by Clear Capital.
In its Home Data Index Market Report, Clear Capital forecasts Kern housing prices to increase 7.9% over 2013. The only metros with higher expected housing price gains are Seattle and Birmingham.
The report’s Top 50 Major Metro Areas are shown below; the Bakersfield metro area includes all of Kern County.
Top 50 Major Metro Markets | ||||||||||
Forecast Rank | Metropolitan Statistical Area | Qtr/Qtr % +/- | Yr/Yr | REO Saturation | One Year Forecast | |||||
1 | Seattle, WA – Tacoma, WA – Bellevue, WA | 2.8% | 15.7% | 9.3% | 13.5% | |||||
2 | Birmingham, AL – Hoover, AL | 3.6% | 13.3% | 24.1% | 10.0% | |||||
3 | Bakersfield, CA | 2.0% | 10.8% | 26.5% | 7.9% | |||||
4 | Fresno, CA | 1.7% | 7.9% | 24.6% | 7.6% | |||||
5 | Minneapolis, MN – St. Paul, MN – Bloomington, WI | 2.3% | 16.3% | 19.0% | 7.3% | |||||
6 | Milwaukee, WI – Waukesha, WI – West Allis, WI | 1.4% | 4.9% | 23.1% | 6.4% | |||||
7 | Phoenix, AZ – Mesa, AZ – Scottsdale, AZ | 3.1% | 26.1% | 17.6% | 6.1% | |||||
8 | Houston, TX – Baytown, TX – Sugar Land, TX | 1.8% | 6.3% | 18.3% | 6.1% | |||||
9 | Washington, DC – Arlington, VA – Alexandria, VA | 1.4% | 10.2% | 7.3% | 6.1% | |||||
10 | Miami, FL – Ft. Lauderdale, FL – Miami Beach, FL | 2.2% | 14.0% | 26.3% | 6.0% | |||||
11 | Jacksonville, FL | 1.0% | 5.7% | 27.2% | 5.0% | |||||
12 | Las Vegas, NV – Paradise, NV | 2.5% | 12.5% | 41.8% | 4.9% | |||||
13 | Sacramento, CA – Arden, CA – Roseville, CA | 2.7% | 11.5% | 18.9% | 4.8% | |||||
14 | Portland, OR – Vancouver, WA – Beaverton, OR | 1.8% | 6.8% | 9.7% | 4.7% | |||||
15 | Richmond, VA | 0.9% | 5.1% | 15.3% | 4.6% | |||||
16 | Tucson, AZ | 2.4% | 11.5% | 29.5% | 4.5% | |||||
17 | Tampa, FL – St. Petersburg, FL – Clearwater, FL | 0.6% | 5.6% | 25.2% | 4.3% | |||||
18 | San Francisco, CA – Oakland, CA – Fremont, CA | 3.0% | 16.1% | 14.4% | 4.2% | |||||
19 | Dayton, OH | 0.8% | 1.5% | 27.2% | 4.2% | |||||
20 | Riverside, CA – San Bernardino, CA – Ontario, CA | 1.5% | 8.9% | 23.8% | 4.1% | |||||
21 | Cleveland, OH – Elyria, OH – Mentor, OH | 1.9% | 3.8% | 31.1% | 3.6% | |||||
22 | San Jose, CA – Sunnyvale, CA – Santa Clara, CA | 3.1% | 17.2% | 8.8% | 3.3% | |||||
23 | Cincinnati, OH – Middletown, OH | 0.8% | 3.7% | 20.4% | 3.2% | |||||
24 | Providence, RI – New Bedford, MA – Fall River, MA | 1.2% | 0.3% | 8.0% | 3.2% | |||||
25 | Oxnard, CA – Thousand Oaks, CA – Ventura, CA | 1.4% | 5.1% | 18.1% | 3.1% | |||||
26 | Orlando, FL | 1.2% | 8.6% | 26.0% | 3.0% | |||||
27 | Dallas, TX – Fort Worth, TX – Arlington, TX | 0.2% | 2.5% | 26.1% | 2.6% | |||||
28 | San Diego, CA – Carlsbad, CA – San Marcos, CA | 1.7% | 8.4% | 15.1% | 2.4% | |||||
29 | Hartford, CT – West Hartford, CT – East Hartford, CT | -0.5% | 2.3% | 4.2% | 2.2% | |||||
30 | Los Angeles, CA – Long Beach, CA – Santa Ana, CA | 1.9% | 8.9% | 17.1% | 1.9% | |||||
31 | Pittsburgh, PA | 0.4% | 5.9% | 6.4% | 1.9% | |||||
32 | Memphis, TN | 0.7% | 3.0% | 36.4% | 1.8% | |||||
33 | Columbus, OH | -1.6% | 2.3% | 29.0% | 1.5% | |||||
34 | Honolulu, HI | 0.3% | 0.4% | 9.8% | 1.4% | |||||
35 | Nashville, TN – Davidson, TN – Murfreesboro, TN | 0.6% | ||||||||
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