Top residential real estate markets recognized

A recent survey conducted at the International Builders' Show collected real estate data regarding the strongest residential real estate market in the country, according to Consumer Reports.

A recent survey conducted at the International Builders' Show collected real estate data regarding the strongest residential real estate market in the country, according to Consumer Reports. 

According to the survey, respondents believe that Boston currently has the stablest residential real estate market for builders.

Meanwhile, the survey indicated that the overall real estate industry has a relatively positive outlook in 2012. This included an improving foreclosure rate and a stabilization of home prices at they approach their bottoms.      

"It's partly cloudy with a 60 percent chance of growth," said Henley Wood executive director Jonathan Smoke during a presentation at the show. "Forget 2005, I don't see in the next ten years seeing 1.5 million housing starts or more. It's going to be five years before we even pass the million threshold."

Additional local housing markets that were recognized for their stability included, Dallas, Seattle and Washington, D.C. Meanwhile, property data indicates that these markets are followed by Minneapolis, Oklahoma City, Tulsa and Portland, while Phoenix and Charlotte rough of the rest of the list.



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