Some local housing markets expect improvements during 2012

While some industry experts anticipate the housing market to stage a slight rebound during 2012, MarketWatch recently outlined which local housing markets are expected to do the best and worst over the course of the year.

While some industry experts anticipate the housing market to stage a slight rebound during 2012, MarketWatch recently outlined which local housing markets are expected to do the best and worst over the course of the year.

According to the news source, which cited Local Market Monitor information, property data indicates that the housing market in McAllen-Edinburg-Mission, Texas, could see major improvement during the year. A spike in population growth, only a slight depreciation in home values and healthy job prospects are all factors expected to help the area's marketplace stage a comeback.

Additionally, the housing market in Houston is expected to do particularly well as a result of it's improving job market.  

"The housing boom was all one way, with prices up 21 percent," said Local Market Monitor president Ingo Winzer. "The recession was almost non-existent, with jobs down just 1 percent over the past year."

Meanwhile, according to MarketWatch, the housing market in Wilmington, Delaware, continues to face steady job losses and depreciating home prices. In addition, Atlanta's housing market is expected to see even more losses this year as the average household income remains far below the national average.



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