Website projects Glens Falls as one of nation's top housing markets
The Glens Falls area has been projected to be among the nation's "15 Best Housing Markets for the Next Five Years," in a story today on the businessinsider.com website.
The story drew on Fiserv Case-Shiller data; the cities are ranked by the projected annualized change in home prices between the second quarters of 2012 and 2017.
The annualized expected growth from 2012 to 2017 is 7.7 percent for the Glens Falls market, according to Fisery-Case-Shiller, which notes that home prices have declined 7.8 percent in Glen Falls since they peaked in the fourth quarter of 2008. The report notes that the median home price in Glens Falls is $159,000, lower than the national median of $181,000.
Other figures noted by businessinsider.com: The Glen Falls market has a population of 128,996, an unemployment rate of 9.1 percent, and a median family income of $64,300.
Other markets among the top 15 are:
• Yuma, Ariz.
• Eugene-Springfield, Ore.
• Yakima, Wash.
• Brunswick, Ga.
• Tucson, Ariz.
• Gulfport-Biloxi, Miss.
• Napa, Calif.
• Ocala, Fla.
• Santa Barbara-Santa Maria-Goleta, Calif.
• Sebastian-Vero Beach, Fla.
• Madera-Chowchilla, Calif.
• Santa Fe, N.M.
• Medford, Ore.
• Panama City-Lynn Haven-Panama City Beach, Fla.;