Forbes and Moodys Say these are the Top Cities to Buy Real Estate Now
REALTORS Jana Davis and Marcia Demerjian YOUR Real Estate Team and Relocation Specialists of
Pinnacle Estate Properties would like to know your view.
We had an interesting article come across our desk recently. Forbes and Moody's top 10 Cities where they say it is a Great Time to buy Real Estate now. We were surprised at some of the cities mentioned and others were no surprise. We would have expected Seattle, WA included as well as other areas of FL rather than Orlando. We would have thought Austin, TX over Fort Worth. All in all it is interesting and we will share part of the article with you. Let us know if you would like more information.
"Based on models that estimated 2008 housing inventory, sales rates, and turnover, the magazine compiled a list of markets that are experiencing price declines, but where buying looks attractive because there is likely to be an increase in sales in the near future.
Here are Forbes’ and Moody’s 10 most attractive markets, along with the median homes sales price and their price change from 2006.
- Fort Worth, Texas: $156,500, 1.7 percent
- Kansas City, Mo.: $157,700, -0.7 percent
- Houston: $154,900, 1.4 percent
- Cleveland: $128,700, -7.1 percent
- Denver: $255,200, none
- Long Island, N.Y.: $482,300, 1.7 percent
- Washington, D.C.: $445,300, 0.3 percent
- Orlando, Fla.: $265,100, -2.4 percent
- Phoenix: $264,800, -2.7 percent
- Las Vegas: $307,900, -3.6 percent
Source: Forbes, Matt Woolsey (10/08/07)
We find it very interesting that they would include Washington, DC and Not Los Angeles, CA, especially after reading the stats on Washington, DC. But it is the countries capital.
Did they miss your city? Do you agree with the list? Let us know why. If you are interested in buying property in any of these cities or others, please visit our website at JMTEAM.com for a real estate professional in that area.