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Albuquerque Predicted To Be One of Top Performing U.S. Housing Markets in 2008

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Albuquerque home values will appreciate 3.5% in 2008, according to Albuquerque placed 23rd out of more than 250 cities on the annual market appreciation forecast. Historically, the Housing Predictor Top 25 Markets have been 86% correct within a 2 percent margin of error.

Yakima, Washington in eastern Washington State won the #1 position with prices predicted to appreciate by 7.1%. After appreciating strongly in the past year, Yakima will still have a fairly active market, despite mortgage woes.

Except for the Midwest, the Top 25 Markets were scattered throughout the U.S., from the West to the East and into the South. One trend is that more smaller cities, based on population, made the Top 25 Markets in 2008. Real estate agents report that more people are moving to smaller, less urban cities in search of a better quality of life. This trend bodes well for Albuquerque home values, not just in 2008, but beyond.

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