Where to buy now, where not to buy & top foreclosure markets
Business 2.0 writes more about the real estate markets in the u.s. They tell us the top cities to buy, the places not to buy and places where foreclosures are happening right and left.
I thought I would summarize them a little for your sake.
WHERE TO BUY NOW [Projected 5 year gain in home prices are in brackets ().]
1. Panama City, FL (72%), 2. Vero Beach, FL (64%), 3. Bridgeport, CT (63%), 4. Lakeland, FL (59%), 5. McAllen, TX (57%), 6. San Luis Obispo, CA (40%), 7. Wilmington, NC (37%), 8. Manchester, NH (35%), 9. Fort Collins, CO (28%), 10. Atlanta, GA (24%).
For more details on why, visit their slide show clicking on here.
WHERE NOT TO BUY (according to Business 2.0, they say ‘at least for the next year or so’)
1. California’s Central Valley, 2) Southwest Florida, 3) The Jersey Shore, 4) Phoenix, 5) California’s Inland Empire, 6) and a bunch of other cities they list: Stockton - CA (-9.7%), Merced - CA (-8.9%), Reno/Sparks - NV (-8.9%), Fresno - NV (-7.9%), Vallejo/Fairfield - CA (-7.8%), Las Vegas - NV (-7.1%), Bakersfield - CA (-6.6%), Sacremento - CA (-6.4%), Washington, D.C. (-6.3%), Tucson - AZ (-6.2%) [projected drop in median home prices are placed in brackets()].
For more details from this article/slide show, click on here.
TOP 10 FORECLOSURE MARKETS according to Business 2.0 & Realty Trac:
1. Greely, CO, 2. Detroit, MI, 3. Miami, FL, 4. Indianapolis, IN, 5. Ft. Lauderdale, FL, 6. Denver, CO, 7. Dayton, OH, 8. Dallas, TX, 9. Fort Worth, TX, 10. Atlanta, GA
For more details on this slide show, feel free to click here.