Thursday, January 15, 2009

Indianapolis, Indiana tops our list of favorite cities to buy foreclosres and cash flow properties.

Indianapolis, IN tops the charts for http://www.EZKeyRE.com favorite markets. See data on some of our other favorites this year.


Permits Statistics

Employment Statistics

Affordability

12-

12-

Total

NF Payroll Employment

State
Metro Area

Month
S. Fam. Permits

Month
Total Permits

Permits / Peak Permits

1-Yr Growth

1-Yr Growth Rate

Unemp Rate

Median Home Price

Housing Costs / Income

Housing Cycle Barometer

Arkansas

Fayetteville

1,344

2,805

37%

900

0.4%

3.9%

$111,493

17%

0.0

Fort Smith

501

764

58%

(200)

(0.2%)

5.2%

$79,401

15%

0.0

Little Rock

1,921

2,833

49%

(300)

(0.1%)

4.4%

$126,326

18%

0.0

Colorado

Boulder

196

572

11%

2,100

1.2%

4.8%

$299,900

32%

2.2

Colorado Springs

1,676

2,070

19%

(3,500)

(1.3%)

6.6%

$182,200

23%

0.0

Denver

4,120

9,838

34%

(1,000)

(0.1%)

5.9%

$193,000

23%

0.0

Fort Collins

727

1,363

37%

(600)

(0.4%)

4.7%

$205,000

25%

0.5

Grand Junction

734

826

40%

2,200

3.4%

4.3%

$168,906

27%

1.5

Greeley

885

1,006

23%

300

0.4%

5.9%

$138,900

18%

0.0

Pueblo

394

431

30%

0

0.0%

7.1%

$83,770

15%

0.0

Georgia

Albany

283

339

27%

(900)

(1.4%)

7.1%

$88,860

20%

0.0

Athens

561

757

32%

(100)

(0.1%)

5.9%

$131,063

26%

0.0

Atlanta

13,147

20,525

28%

(67,800)

(2.7%)

7.0%

$144,753

19%

0.0

Augusta

1,758

2,166

40%

(4,300)

(2.0%)

7.3%

$114,511

20%

0.0

Columbus

763

1,077

48%

(2,200)

(1.8%)

7.4%

$105,190

20%

0.0

Dalton

252

361

33%

(3,300)

(4.2%)

10.4%

$103,289

19%

0.0

Gainesville

401

410

16%

(700)

(0.9%)

6.5%

$144,059

25%

1.2

Macon

572

913

49%

(1,400)

(1.4%)

7.3%

$100,065

19%

0.0

Savannah

1,593

2,120

44%

(2,800)

(1.7%)

5.9%

$141,647

25%

2.6

Valdosta

712

871

60%

(1,400)

(2.5%)

6.5%

$104,262

23%

0.0

Warner Robins

668

873

41%

(1,400)

(2.4%)

5.9%

$96,930

15%

0.0

Indiana

Bloomington

358

495

41%

0

0.0%

5.6%

$121,783

24%

0.0

Elkhart-Goshen

368

567

34%

(7,000)

(5.4%)

12.4%

$105,798

17%

0.0

Evansville

576

837

38%

(1,300)

(0.7%)

5.9%

$91,895

17%

0.0

Fort Wayne

780

999

27%

(100)

0.0%

6.8%

$90,556

15%

0.0

Gary

1,204

1,597

35%

100

0.0%

6.8%

$119,663

18%

0.0

Indianapolis

4,487

6,836

40%

(3,200)

(0.3%)

5.9%

$111,251

16%

0.0

Lafayette

500

543

30%

(400)

(0.4%)

5.4%

$105,463

20%

0.0

Muncie

81

85

15%

(800)

(1.5%)

7.3%

$72,287

16%

0.0

South Bend

430

814

41%

(3,600)

(2.4%)

8.0%

$82,334

14%

0.0

Terre Haute

130

173

25%

(1,900)

(2.5%)

7.0%

$75,155

16%

0.0

Louisiana

Alexandria

432

448

47%

200

0.3%

4.9%

$91,290

18%

0.0

Baton Rouge

2,664

3,874

43%

2,800

0.7%

4.8%

$163,102

25%

1.3

Houma

574

823

69%

(200)

(0.2%)

3.6%

$110,395

17%

0.0

Lafayette

847

1,111

22%

2,500

1.7%

3.5%

$124,888

21%

0.0

Lake Charles

661

719

48%

0

0.0%

4.5%

$105,078

17%

0.0

Monroe

257

329

27%

(500)

(0.6%)

5.5%

$94,232

18%

0.0

New Orleans

2,946

5,017

38%

8,000

1.5%

4.9%

$161,918

24%

0.0

Shreveport

1,001

1,556

51%

1,900

1.1%

5.9%

$134,165

25%

2.1

Mississippi

Gulfport-Biloxi

1,800

3,495

63%

(2,000)

(1.8%)

5.6%

$135,992

25%

1.7

Hattiesburg

164

722

64%

(900)

(1.5%)

5.2%

$92,837

20%

0.0

Jackson

2,136

2,186

49%

(2,600)

(1.0%)

5.4%

$129,165

24%

0.2

Pascagoula

493

1,295

84%

700

1.2%

6.2%

$106,164

19%

0.0

Missouri

Columbia

507

619

27%

(500)

(0.5%)

4.3%

$127,143

24%

0.2

Jefferson City

149

162

14%

(1,100)

(1.4%)

5.3%

$106,129

19%

0.0

Joplin

214

275

37%

500

0.6%

5.3%

$81,501

19%

0.0

Kansas City

2,903

5,864

32%

(8,900)

(0.9%)

6.2%

$139,981

20%

0.0

Springfield

1,019

2,369

46%

(400)

(0.2%)

5.7%

$114,773

23%

0.8

St. Joseph

88

98

23%

0

0.0%

5.4%

$83,225

16%

0.0

St. Louis

4,869

5,882

32%

(16,900)

(1.2%)

7.3%

$167,785

27%

4.5

Montana

Billings

576

601

41%

(100)

(0.1%)

3.3%

$132,368

21%

0.0

Missoula

340

456

41%

(500)

(0.9%)

4.9%

$185,375

33%

2.3

North Carolina

Asheville

1,928

2,632

61%

(1,800)

(1.0%)

6.2%

$175,255

33%

2.9

Burlington

738

794

39%

(600)

(1.0%)

8.5%

$107,018

20%

0.0

Charlotte

8,064

12,755

51%

500

0.1%

8.1%

$150,000

22%

0.2

Durham

2,000

2,284

35%

3,300

1.1%

5.8%

$173,611

28%

1.7

Fayetteville

1,530

2,443

57%

(100)

(0.1%)

7.5%

$104,748

19%

0.0

Greensboro

2,114

3,347

52%

800

0.2%

8.1%

$139,905

25%

0.0

Greenville

637

1,419

55%

100

0.1%

7.8%

$106,239

21%

0.0

Hickory

916

955

39%

(3,200)

(1.9%)

10.2%

$108,244

21%

0.0

Raleigh-Cary

7,032

11,904

67%

5,500

1.0%

6.1%

$188,000

25%

0.0

Rocky Mount

437

446

43%

(800)

(1.2%)

10.9%

$96,113

19%

0.0

Wilmington

3,666

4,395

48%

(100)

(0.1%)

7.6%

$198,700

34%

2.7

Winston-Salem

2,213

2,301

52%

2,900

1.3%

7.2%

$117,176

20%

0.0

Ohio

Akron

910

1,102

28%

(2,500)

(0.7%)

6.4%

$118,250

19%

0.1

Canton

359

523

34%

(600)

(0.3%)

7.1%

$90,408

15%

0.0

Cincinnati

3,456

4,571

29%

(4,400)

(0.4%)

6.1%

$150,000

22%

1.3

Cleveland

2,354

2,666

33%

(11,000)

(1.0%)

6.8%

$107,264

16%

0.0

Columbus

2,683

4,475

26%

2,000

0.2%

5.8%

$123,500

17%

0.0

Dayton

1,089

1,317

32%

(5,900)

(1.5%)

7.5%

$105,720

17%

0.0

Lima

114

121

24%

(500)

(0.9%)

7.7%

$88,941

15%

0.0

Mansfield

80

87

15%

(1,000)

(1.7%)

8.5%

$90,299

17%

0.0

Springfield

89

119

17%

(100)

(0.2%)

6.9%

$90,777

15%

0.0

Toledo

674

1,135

28%

(7,400)

(2.2%)

9.2%

$93,226

15%

0.0

Youngstown

396

520

27%

700

0.3%

7.8%

$68,396

12%

0.0

Oregon

Bend

721

812

18%

(100)

(0.1%)

9.9%

$208,872

30%

2.4

Eugene

640

875

32%

(2,900)

(1.8%)

8.4%

$206,615

36%

5.3

Medford

405

481

23%

(1,700)

(1.9%)

8.7%

$180,070

32%

2.3

Portland

4,392

8,272

42%

(12,700)

(1.2%)

7.2%

$250,000

34%

5.7

Salem

663

890

26%

(2,000)

(1.3%)

7.8%

$185,700

30%

5.2

Tennessee

Chattanooga

1,304

1,787

47%

(2,100)

(0.8%)

6.1%

$127,826

24%

0.0

Clarksville

1,031

1,483

46%

(1,100)

(1.3%)

6.7%

$98,653

18%

0.0

Jackson

319

379

34%

(500)

(0.8%)

6.8%

$86,161

19%

0.0

Johnson City

593

1,042

72%

(600)

(0.7%)

6.1%

$112,191

26%

0.0

Kingsport

820

945

62%

800

0.7%

5.8%

$108,392

24%

0.0

Knoxville

2,229

2,903

45%

(3,100)

(0.9%)

5.6%

$146,450

27%

0.1

Memphis

2,523

3,396

31%

(13,400)

(2.1%)

6.9%

$119,085

22%

0.0

Nashville

5,928

8,014

44%

(6,300)

(0.8%)

6.1%

$142,000

23%

0.6

Texas

Abilene

192

198

9%

900

1.4%

4.4%

$96,700

18%

2.3

Amarillo

446

754

20%

1,100

1.0%

4.0%

$116,500

21%

1.7

Austin

8,382

14,340

54%

12,600

1.6%

5.0%

$179,900

25%

2.2

Beaumont

795

1,830

67%

700

0.4%

7.8%

$134,400

24%

4.7

Brownsville

1,108

1,339

34%

2,100

1.7%

7.8%

$88,000

23%

3.8

College Station

714

2,208

62%

2,600

2.8%

4.4%

$139,200

28%

2.2

Corpus Christi

1,262

1,619

26%

2,600

1.5%

5.3%

$130,500

26%

3.7

Dallas

12,456

28,793

39%

31,100

1.5%

5.8%

$144,100

20%

0.0

El Paso

2,964

4,113

64%

6,400

2.3%

6.9%

$132,800

30%

4.3

Fort Worth

7,348

10,982

29%

15,800

1.8%

5.5%

$110,000

16%

0.8

Houston

28,945

44,212

59%

54,300

2.1%

5.5%

$137,200

20%

0.7

Killeen

1,899

2,589

57%

2,600

2.1%

5.6%

$115,709

20%

1.7

Laredo

736

1,066

45%

2,600

3.0%

6.0%

$89,965

21%

0.0

Longview

212

269

17%

2,300

2.4%

4.6%

$121,200

23%

3.0

Lubbock

962

1,611

39%

1,000

0.8%

4.1%

$103,600

21%

0.0

McAllen

3,279

3,921

42%

8,300

3.9%

8.2%

$101,100

26%

0.5

Midland

489

489

13%

1,500

2.2%

3.3%

$122,646

20%

1.9

Odessa

267

729

35%

1,300

2.1%

3.9%

$145,300

27%

4.6

San Antonio

6,142

10,561

47%

16,600

2.0%

5.4%

$140,600

24%

2.6

Texarkana

99

148

18%

1,000

1.8%

5.1%

$78,419

15%

0.0

Tyler

230

304

10%

900

1.0%

5.3%

$122,700

22%

0.0

Waco

600

1,034

35%

1,300

1.2%

4.9%

$100,000

21%

0.0

Wichita Falls

157

334

37%

900

1.4%

5.5%

$100,000

20%

3.0

Total Permits includes both single-family and multifamily residential permits.
Total Permits/Peak Permits is the current 12-month total permit activity divided by the perak 12-month period since 1982.
The Housing Costs/Income ratio assumes a 20% down payment paid over 7 years, and the remaining 80% amortized over 30 years at the current fixed rates.

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