Tuesday, October 9, 2007

10 Cities Where It's a Great Time to Buy

Found this artlice at the REALTOR Magazine Online

Daily Real Estate News October 9, 2007

10 Cities Where It's a Great Time to Buy

The real estate business may be facing a softening in sales, but there are parts of the country where it makes sense to buy now. Forbes magazine examined current home sales patterns and sales projects in the country’s 40 largest real estate markets to identify these attractive markets.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)

Pat Ogle and The Annapolishomes4You Team
Champion Realty, Inc
410-224-0660
http://www.annapolishomes4you.com/
PatOgle@AnnapolisHomes4You.com

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