2006 First Quarter Real Estate Market Update

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