10 Cities that are Prime for Real Estate Investment

This months copy of Business 2.0 magazine features an article to help one navigate the real estate markets pending ‘bounce back’, identifying 10 cities primed for pumping. 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.

Markets across the nation are generally soft right now and getting softer. Why? Foreclosures and other ‘fire sales’ by individuals who bought real estate during the appreciation curve are starting to effect the current and immediate future value of property. There is an innate lag effect as these reduced sales prices are booked as sold, thus becoming viable comparables for new sales, thus driving down overall values going forward.

So, for once I’m going to agree with the NAR and say: ‘It is a great time to buy real estate.’

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