Where NOT To Look For A New House In 2010
At the outset, I have to qualify that title – the assumption is that you want to look for property in a city where the prices are low. This year, many cities across the United States are experiencing a positive outlook in terms of house value; that is, the prices of houses are not falling as steeply as it used to. Indeed, some cities have stable house prices to date.
Forbes recently published an online article about 17 cities which have actually experienced an increase in house prices. What this means for the house buyer is to steer clear of these cities if you’re looking for a bargain. Then again, it might be a good idea to buy now before the prices go even higher – then you can sell later on for a profit.
What cities are these? This is the list according to Forbes.
1. Minneapolis, Minn.
2. San Francisco, Calif.
3. Detroit, Mich.
4. Chicago, Ill.
5. Phoenix, Ariz.
6. San Diego, Calif.
7. Los Angeles, Calif.
8. Washington, D.C.
9. Denver, Colo.
10. Seattle, Wash.
I am sure some of you will find this list quite useful in making your decisions in the year to come, especially now that 2009 is almost at an end. More so, real estate experts forecast that the rate of the decline of home price values (annually, that is), is improving. This spells good news for those who engage in real estate activities as a business, no matter the scale. Good luck!
Photo courtesy of Domain Tools
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