28 July 2008

Best Cities To Buy a Home In...

(from Yahoo News on real estate) 

Houston, we don't have a housing problem.

The city's $152,500 median home sale price is up 6.6% from 2005. It boasts a low vacancy rate and an oil-rich economy. Throw in a bubbling entrepreneurial tech scene, and you've got four factors that put Houston on the top of our list of best places to buy a home.

San Francisco, Calf, Charlotte, N.C., Jacksonville, Fla., and St. Louis, Mo., are other areas buyers can feel safe investing in.

We examined the country's 40 largest metropolitan areas and looked at cities where home prices have appreciated over the last two years. We also measured tightening vacancy rates. These metrics indicate places where buyers are investing in homes in order to live, not just make a quick buck, and where the housing market is relatively solid. We culled our vacancy and home price information from the U.S. Census Bureau and the National Association of Realtors...(end of Yahoo article quote)

The article went on to discuss other solid areas of the country, but the reason I pointed this article out is because Jacksonville, Florida ranked 4th on their list of cities in which to buy a home.  Since Kingsland/St. Marys, GA are "bedroom" communities of Jacksonville, we often feel the impact of what happens in their real estate market.  The southern cities in Florida may still have some concerns, but it is great to see Jacksonville getting such attention.  Our market has gotten very busy this summer so if you are thinking of buying a home you may want to consider doing it before interest rates and prices climb.

Visit us on the web at http://www.royal-skies.com or visit my personal site at http://www.kingslandgahomesforsale.com

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