Blog :: 05-2012

Top 10 Metro Areas For Rising Real Estate Values Includes Two Cities in New Hampshire!

It looks like New Hampshire's the place to be for rising real estate values, according to a report inInman News. Two metro areas, Laconia and Lebanon, were among the top ten in the country. Laconia came in at number 6. February 2012 home value was pegged at $181,600. That's 3.5% higher than the same period in 2011. Lebanon, NH came in at #10 with a February 2012 home value of $162,400, which is 1.6% above last year's value. Surprisingly, both of these areas are in the middle of the state. In past recessions, most of New England would wait for the Boston RE market to recover, and it would spread outward from there. This also used to be the trend throughout the US. Major cities would recover first.This time, market value recoveries are well out into much smaller metro areas. In fact, other than Tulsa, OK, all of these metro areas are outside of the main population areas in their respective states.Could this be a new trend in property values?