Lucky 7 Best Investor Markets Forecast in 2008The Lucky 7 Best investment housing markets in 2008 selected by Housing Predictor are composed of markets scattered throughout the nation released today with the highest probability of increasing the most during 2008, despite many markets that are depreciating.
The best buyers markets forecast by Housing Predictor have already appreciated an average of 5.8% in 2007, demonstrating Housing Predictor's accuracy. The web site regularly forecasts housing markets in more than 250 communities in all 50 U.S. states and is followed closely by top Wall Street investment firms, consumers, real estate companies and mortgage brokerages for it's forecasts.
Although the U.S. has experienced a national real estate slowdown, there are many markets in the south-east and the pacific north-west that are still experiencing healthy appreciation levels. Texas, New Mexico, Washington, Oregon and Idaho markets still remain at healthy sales volume, despite the slowdown in many other states. Appreciation remains robust in parts of Texas, New Mexico and Washington among others.
But the Lucky 7 Best investment markets will provide a healthy dose of investment know how for investors, many of whom are anxious to find the next hot real estate market to invest in residential real estate. Housing markets typically experience cyclical patterns of growth produced by explosive local economies.
In the past Housing Predictor forecasts are credited with adding as much as one and a half percent of appreciation to markets by real estate market analysts, but not all forecasts are a guarantee of appreciation. In fact, real estate analysts caution buyers of property in the hottest markets to be prepared to hold on to property for long term investments since all markets are subject to erratic changes dependent on local economic conditions.
Property taxes and insurance are subject to change and are the two most important issues aside from normal monthly mortgages of concern.
In California, Michigan, Indiana, Ohio, and Florida, where there are some of the highest rates of foreclosures in the nation some of the markets are producing the highest returns on investment of housing purchases in the nation in the short term for investors.
Mike Colpitts is the Editor of Housing Predictor. Check the Lucky 7 Best investment markets, local market forecasts and search real estate listings, including foreclosures at http://www.housingpredictor.com