A CNNMoney.com article lists ten metro areas that are bucking national trends in residential real estate — in a good way. According to the article, these major markets have in common affordable housing, and steady employment and income growth. These are markets that, according to the analysis, missed the national real estate bubble, but may be the better for it.
Growth markets: Dallas-Fort Worth, Indianapolis, New Orleans, Atlanta, Montgomery, Memphis, Mobile, Austin, Houston, and St. Louis.
The projected growth in housing values in the St. Louis region next year? +4 percent.
That’s a modest gain, but there are certainly plenty of places in the country that would gladly be us. And we already are.