Veros recently released it’s third quarter VeroFORECAST, which predicts property value trends in metropolitan statistical areas (MSA) across the US between September 2018 and September 2019.
According to the report, the top 100 most populated MSAs will appreciate 4.5% over the next 12 months. Of all MSAs, Vero predicts that 97% will appreciate and 3% will depreciate. The VP of Statistical and Economic Modeling at Veros, Eric Fox, said “This is the 25th quarter in a row where this index has forecasted overall appreciation.”
VeroFORECAST predicts that seven MSAs will experience depreciation over the next 12-months:
- Torrington, Connecticut: -0.2%
- Texarkana, Texas-Texarkana, Arkansas: -0.2%
- Ocean City, New Jersey: -0.4%
- Peoria, Illinois: -0.7%
- Danville, Illinois: -1.2%
- Vineland-Millvilee-Bridgeton, New Jersey: -1.6%
- Farmington, New Mexico: -2.2%
Now, that doesn’t mean that you should invest in these markets, because when we follow the Three Immutable Laws of Real Estate Investing, we don’t take appreciation into account. It is just a bonus. However, if you want to increase your chances of receiving this appreciation bonus, you should consider looking into these 10 markets that are predicted to experience the most appreciation in the next 12 months.
10. Seattle-Tacoma-Bellevue, Washington
Belkins Northeast
Projected appreciation between 10/1/18 and 10/1/19: +9.3%
9. Denver-Aurora-Broomfield, Colorado
Denver.org
Projected appreciation between 10/1/18 and 10/1/19: +9.5%
8. San Francisco-Oakland-Fremont, California
Lonely Planet
Projected appreciation between 10/1/18 and 10/1/19: +9.6%
7. Reno-Sparks, Nevada
Think Stock
Projected appreciation between 10/1/18 and 10/1/19: +10.0%
6. Carson City, Nevada
Flickr
Projected appreciation between 10/1/18 and 10/1/19: +10.1%
5. Olympia, Washington
Wild Tales Of
Projected appreciation between 10/1/18 and 10/1/19: +10.3%
4. Bellingham, Washington
Wikipedia
Projected appreciation between 10/1/18 and 10/1/19: +10.6%
3. Las Vegas-Paradise, Nevada
Time Out
Projected appreciation between 10/1/18 and 10/1/19: +10.8%
2. Boise City-Nampa, Idaho
OneClass
Projected appreciation between 10/1/18 and 10/1/19: +11.2%
1. Bremerton-Silverdale, Washington
Wikipedia
Projected appreciation between 10/1/18 and 10/1/19: +11.7%
Want to learn how to build an apartment syndication empire? Purchase the world’s first and only comprehensive book on the exact step-by-step process for completing your first apartment syndication: Best Ever Apartment Syndication Book.
Disclaimer: The views and opinions expressed in this blog post are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.