While buyers remain on the fence waiting for prices to go down, owners are choosing to lease the home they need to sell. Tenants are paying premium rent prices as loans are still challenging and the relocation market into Houston remains strong. We have recently expanded our property management services in response to the increased demand from property owners. According to housing projections, buyers who continue to wait may pay higher prices and have fewer choices:
The following is a list of 10 cities that Clear Capital expects will rise in property value in 2011:
1. Washington, D.C.: 6.5 percent price increase
2. Houston: 3.6 percent price increase
3. Honolulu: 3.4 percent price increase
4. Memphis, Tenn.: 3.2 percent price increase
5. Columbus, Ohio: 2.1 percent price increase
6. Dallas: 1.4 percent price increase
7. New York: 1.3 percent price increase
8. Birmingham, Ala.: 0.9 percent price increase
9. Pittsburgh: 0.8 percent price increase
10. New Orleans: 0.5 percent price increase