Inman News recently used Zillow.com data to compile a list of nine markets with rising real estate values. More specifically, metro areas were examined for year-over-year median home-value increases from October 2010 to October 2011. Fort Collins came in at #6 with a 1.3% year-over-year increase in median home-value:
9 markets with rising real estate values
1. Tulsa, Oklahoma
2. Oklahoma City, Oklahoma
3. Lincoln, Nebraska
4. Madison, Wisconsin
5. Honolulu, Hawaii 6. Fort Collins, Colorado
7. Fort Myers, Florida
8. Pittsburgh, Pennsylvania
9. Boulder, Colorado
According to the report, the median value of a home in Fort Collins is $217,300. Mortgage rates continue to push lower, dropping to 3.98% from 4.23% in October of 2010, offering historic affordability to today’s home buyers. While mortgage lending conditions continue to be a challenge, more and more people are seeing the advantage of buying a home sooner rather than later. This bodes well for the Fort Collins housing market.
Inman News recently used Zillow.com data to compile a list of nine markets with rising real estate values. More specifically, metro areas were examined for year-over-year median home-value increases from October 2010 to October 2011. Fort Collins came in at #6 with a 1.3% year-over-year increase in median home-value: