Housing boom could storm heartland
Could the real estate action be shifting to the heartland – the vast swath of middle America that never really was touched by the hyperinflationary housing boom? That’s what a new statistical analysis of housing price cycles in 100 major metropolitan areas suggests could be over the horizon.
Its author, Christopher L. Cagan, director of research and analytics for First American Real Estate Solutions, examined historical housing price movements and concluded that metropolitan real estate markets can be classified into three distinct behavioral categories: