December 27, 2006
CAZENOVIA, N.Y. - According to a projection report from Fortune Magazine, the Syracuse area housing market should see one of the country's greatest growths in 2007. The report, coordinated through Moody's Economy.com and Fiserv Lending Solutions, projects Syracuse with the fifth-best price jump nationally and tops in the Northeast.
"We expect 2007 to be another banner year for real estate in Central New York," Nicki Donlin of Prudential First Properties said. "We've got some of the nation's best colleges, great schools for our children, just a great quality of life and with it a variety of real estate options. Exciting things are happening in Central New York, so it makes sense that our housing prices will experience this continued growth."
The survey takes into account median home prices for the Syracuse market. In their projection, Fortune forecasts a 4.8% price increase from the current median price of $117,540. McAllen-Misson (Texas) tops the poll of the 100 biggest markets, followed by El Paso (Texas), Albuquerque (N.M.), Salt Lake City (Utah) and Syracuse.
See the links below for the story from CNN Money's web site.
Click here for the story from CNN Money
Forecasts for 100 real estate markets (from CNN Money)
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strategies to survive the real estate bust (from CNN
Money)
For more on Syracuse and Central New York area real estate, contact Nicki
Donlin at (315) 655-4533 ext. 223 or email at ndonlin@twcny.rr.com