Adjust Text Size

The Hottest (and Riskiest?) Real Estate Markets

Written by Nickel - Leave a Comment

According to a recent article on CNN/Money, home prices in the U.S. have surged 12.5% over the past year, with fifteen markets in particular having experienced above average gains making them especially susceptible to a housing correction. Are you at risk? Read on to find out…

The following are currently the fifteen hottest markets with percentage increase in average home price over the past year is indicated parenthetically:

1. Nevada (31.2)
2. California (25.4)
3. Hawaii (24.4)
4. Washington, D.C. (22.2)
5. Florida (21.4)
6. Maryland (21.0)
7. Arizona (19.4)
8. Virginia (18.6)
9. Rhode Island (17.1)
10. New Jersey (15.8)
11. Vermont (14.8)
12. Delaware (14.8)
13. Maine (14.1)
14. New York (13.5)
15. Connecticut (13.4)

I’m not sure that I buy into the argument that above average gains nececssarily translates into above average risk for a correction, but it’s food for thought. If you want to see the 5 and 25 year numbers, be sure to check out the original article.

Published on July 6th, 2005 - Leave a Comment
Filed under: Real Estate

About the author: Nickel is the founder and editor-in-chief of this site. He's a thirty-something family man who has been writing about personal finance since 2005, and guess what? He's on Twitter!

Top Cards by Category

CASH BACK CREDIT CARD (see all)

Chase Freedom^® Visa - $200 Bonus Cash Back

Earn $200 Bonus Cash Back after you make $500 in purchases in your first 3 months. 5% Cash Back on up to $1,500 spent in bonus categories each quarter.

AIRLINE MILES / REWARDS POINTS CREDIT CARD (see all)

Gold Delta SkyMiles^® Credit Card from American Express

Earn 30,000 bonus miles toward Award Travel when you spend $500 on the Card in the first three months from account opening. Receive double miles on Delta purchases.

CREDIT CARD DEALS (see all)

Gold Delta SkyMiles^® Credit Card from American Express

Earn 30,000 bonus miles toward Award Travel when you spend $500 on the Card in the first three months from account opening. Receive double miles on Delta purchases.

BALANCE TRANSFER CREDIT CARD (see all)

Slate^® from Chase - No Balance Transfer Fee

No Balance Transfer Fee!* 0% Intro APR for up to 15 months on purchases and balance transfers. This card offers Blueprint, free and customizable account features that help you avoid unnecessary interest and pay your balances down faster.

LOW INTRODUCTORY RATE CREDIT CARD (see all)

Discover^® More Card - $0 Balance Transfer Fee!

Enjoy no balance transfer fee for a limited time. 0% introductory rate on Balance Transfers and Purchases. Earn up to 5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*

LOW INTEREST RATE CREDIT CARD (see all)

Discover^® More Card - $0 Balance Transfer Fee!

BUSINESS CREDIT CARD (see all)

The Business Platinum Card^® from American Express OPEN

Enjoy amenities for you and your business, like: complimentary airport club access, including American Airlines Admirals Club(R) lounges.

STUDENT CREDIT CARD (see all)

Discover^® Student Clear Card

5% Cashback Bonus in categories that change like gas, restaurants, department stores and more. Limitations apply*. Up to 1% unlimited Cashback Bonus on everything else. No annual fee

GAS REBATE CREDIT CARD (see all)