Texas housing markets continue to thrive.(Briefing Book)(Brief article)

Just as California has dominated the rankings of worst-performing housing markets, Texas appears to run away with the honors for best-performing markets. On a ranking of the 10 largest housing markets with the best-expected performance released in June by Local Market Monitor, Cary, North Carolina, Texas markets took five of the 10 spots.

The five markets in the Lone Star State that registered on the best-expected performance list were Dallas-Plano-Irving, Fort Worth--Arlington, Houston--Sugar Land--Baytown, McAllen-Edinburg-Mission and San Antonio.

Yet Texas wasn't the only state represented on the list of housing markets with good prospects. The other markets were: Baton Rouge, Louisiana; Buffalo--Niagara Falls, Syracuse and Rochester, New York; Little Rock--North Little Rock--Conway, Arkansas; Oklahoma City and Tulsa, Oklahoma; and Wichita, Kansas.

Local Market Monitor predicts local housing market behavior over the next 12 months for more than 300 U.S. local housing markets in its Home Price Forecast.

The 10 largest markets with the worst-expected performance were: Bakersfield, Stockton, Riverside--San Bernardino--Ontario, Oxnard--Thousand Oaks--Ventura and Fresno, California; Fort Lauderdale--Pompano Beach--Deerfield Beach, Miami--Miami Beach--Kendall, West Palm Beach--Boca Raton--Boynton Beach and Orlando-Kissimmee, Florida; Las Vegas--Paradise, Nevada; and Phoenix-Mesa-Scottsdale, Arizona.

Ingo Winzer, president of Local Market Monitor, said, "Prices are going to continue to decrease in some of these markets for several years before they really stabilize."

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