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2006 First Quarter Real Estate Market Update

Buy, sell or hold seem to be the biggest prices after years of bloat are keeping
worries of real estate investors in the buyers sidelined to see where the plateau
2006 residential real estate market. will fall.
After solid double-digit appreciation in -Miami, Florida. Glutted inventories
many major markets the last five years, short-term, south Florida waiting for the
investors see the brakes on growth in next batch of boomers. Many investors
2006. Where to go? Mark Nash real estate sitting on the sidelines.
author of 1001 Tips for Buying and -Minneapolis, Minnesota. Downtown new
Selling a Home and syndicated columnist construction saturated. First-time buyers
for gives his report on the first quarter breathing life into market.
of 2006. -New Jersey. This is state is one large
-Atlanta, Georgia. Rising inventories bedroom community, prices flat, the
could slow appreciation rates that have sold-in-five-hours days taking a
not matched other major markets. vacation.
-Austin, Texas. Good news here, -New York, New York. Market price
affordable housing prices attracting pressure building, but don't call it a
employers. Rising appreciation. buyers market. Sticker shock anyone?
-Boise, Idaho. New on real estate -Philadelphia, Pennsylvania. Weak job
investors radar, attracting scores of growth projections. Flat appreciation
out-of-state buyers. Good profit expectations.
prospects. -Phoenix, Arizona. Ignored in the boom,
-Boston, Massachusetts. Soft job market, now being discovered by investors. Most
falling prices and bloated inventories. cities here are bargain-priced.
-Chicago, Illinois. Recent national, -San Antonio, Texas. Waking from a
state and local statistics dispel bubble stagnant appreciation period. Good
trouble in conservative middle America. returns projected here.
-Dallas, Texas. Prices creeping upward, -San Diego, California. High inventories,
fueling investor interest. fiercely competitive sellers and
-Detroit,Michigan. Market impacted by declining prices.
soft auto industry and fears of cutbacks. -San Francisco, California. Greed factor
-Houston, Texas. Demand from Katrina subsiding, weathering the storm, bidding
transplants driving a strong market. wars are gone and could be saved by tech
-Las Vegas,Nevada. Market returning to industry emerging out of their bubble.
normal appreciation rates, demand stays -Seattle, Washington. Good economy and
steady. low inventories offer attractive
-Los Angeles, California. Declining appreciation gains in 2006.




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