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The 20 Healthiest Housing Markets for 2010
March 8, 2010 by Will.Frable · Leave a Comment
From Builder Online
12. Richmond, VA
Market Health Indicator: 37.3
2009 Total Building Permits: 3,042
2010 Building Permit Forecast: 3,329
Richmond is another market on the mend. The city of 1.24 million is a state capital and home to several universities. The median price of a home here, $198,000, fell only 5% last year. Now, the region, which boasted a below average unemployment rate of 8.4% at year end, is poised to start adding jobs again. Market Intelligence expects employment to rise 0.3% in 2010. Permit levels are expected to rise by roughly 10%, though they won’t come close to 2008′s level of 4,970.
Get local market data and more on Builder’s Richmond Local Market Page
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