PROPERTY APPRECIATION EXPECTED IN 40% OF MAJOR METRO AREAS IN 2011

Florida; Reno, Nevada; and Boise, Idaho, however,  will see the nation’s greatest depreciation rates in the coming 12 months. Six of the 10 U.S. markets expecting the greatest depreciation are in Florida.


Projected Five Weakest Markets
Reno / Sparks, NV -7.2%
Orlando / Kissimmee, FL -6.5%
Boise City / Nampa, ID -6.4%
Deltona / Daytona Beach / Ormond Beach, FL -6.3%
Port St. Lucie / Fort Pierce, FL -6.3%
It is noteworthy that depreciating forecasts remain much better than those from a year ago with nothing worse than 7 percent depreciation.
Projected Five Strongest Markets

San Diego / Carlsbad / San Marcos, CA +3.5%
Kennewick / Richland / Pasco, WA +3.4%
Pittsburgh, PA +2.7%
Fargo, ND-MN +2.6%
Washington / Arlington / Alexandria, DC-VA-MD-WV +2.5%

Also predicted generally good forecasts in Texas, Louisiana, Arkansas, Oklahoma, South Dakota, North Dakota, and Iowa, with a strengthening trend spreading to parts of the Midwest.