Today’s CNN real estate article is great! I love it so much, I am obligated to share it. The article details the top ten cities that are now in “rock bottom” pricing, which means opportunity for first time homebuyers and investors are abundant. If you are able to purchase property now in a city where prices are at an all time low, you will be ready and waiting for the upswing, which will inevitably happen! Real estate has operated in cycles for years, so the turn of the market will not happen this year, and may not happen next year, but it will happen! Take advantage.
The top ten cities listed are:
Dallas-Forth Worth- An increasing job market is the promise for this city.
Indianapolis-You can buy a nice sized home in this city for less than $200k.
New Orleans-This one is easy.
Atlanta-Top destination for young professsionals in America.
Montgomery-New car company hit down, sparking employment.
Memphis-A foreclosure capital.
Mobile-Huge industry push sparks the future market.
Austin-A buyers market is booming, due to many high paying jobs.
Houston-Texas-land of opportunity.
St. Louis-Single family homes on the rise.
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