Time to enter housing market is now, risk management firm says

Veros Real Estate says the ideal time to enter the housing market is now in effect.Prospective buyers waiting on the sidelines may want to think about purchasing a property in 2013, as a recent report indicates the market has finally hit bottom.
According to risk management firm Veros Real Estate Solutions, the housing sector is in full recovery mode, based on an in-depth analysis of 975 counties, 335 metro areas and 13,586 zip codes, which includes the Houston real estate scene.
The firm states that over the course of the next year, the country's top 100 metro areas will likely see a 1.2 percent increase in home values, with Phoenix likely being the strongest market of them all. Midland, Texas – which is about an eight-hour drive from Houston – will likely be the second-best market to enter.
Eric Fox, vice president of statistical and economic modeling at Veros, indicated that low unemployment and affordable interest rates are contributing to these markets strengthening.
Other parts of the country that are projected to show strong price increases include Miami, Tampa and Denver.
Not to be outdone are Houston homes. According to a separate report from home listing website Trulia, Texas' largest city will be the healthiest real estate sector in the country in 2013.
Real Estate News brought to you by 2M Realty, a true expert in the online real estate market.
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