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2006: Best U.S. Cities to purchase real estate and homes
Eager to know the top event in America where one can safely invest? These are the best real estate markets across the country according to a recent report by Business 2.0 magazine. The November 2006 edition Magazine lists the top ten cities that are ideal to buy a house. These are – Panama City and Vero Beach in Florida, Bridgeport in Connecticut, Florida Lakeland, McAllen Texas, San Luis Obispo in California, North Carolina Wilmington, in Manchester, New Hampshire, Fort Collins, Colorado and Atlanta in Georgia. The report cites the appreciation rates of projected housing prices over a period of five years.
Florida enjoys the status of having three of the four major cities to invest in. Panama City, who heads the list of best places to buy real estate is expected to have a vision of real estate of 72% over the next five years. Major real estate development projects such as building a new airport and low property prices are expected to boost the economy and housing market.
Vero Beach, expected to have an appreciation of 64%, takes second place for its excellent climate, low property taxes and a lower cost of living. Lakeland, with a 59% projected increase in housing prices is a tempting option of selling houses fifth below the national average price.
Buy a house in Bridgeport, CT is a bargain prices now average $ 280,000 home in a very low in comparison with the rest of Fairfield County. House prices in McAllen, TX, who ranks fifth, is expected to soar by 57%.
It is estimated that households in McAllen, TX area will appreciate the 57 percent with an increase in the median home price of $ 70,000 to $ 109,000.
Homeowners to make an investment in San Luis Obispo, California, today, is expected to get a good assessment (40%) in their homes over the next five years.
The average price of a home in Wilmington, North Carolina is expected to increase to $ 297,000 for the year 2011, by above the current price of $ 217,000, an increase of 37%.
Manchester, NH, who has twice been rated the "best place to live" in States U.S. by Money magazine, is in eighth place with an expected appreciation of 35%.
Fort Collins and Atlanta followed in ninth and tenth places major cities for property investment in the U.S.. Fort Collins, one of the most popular in America, has been called the "small City No. 1 'this year by Money magazine. The recent price reductions in the housing market makes "now" the best time to buy a home or condo in this city with a devaluation of property estimated 28%. Atlanta is preparing for a significant appreciation also an expected increase up to 24% in house prices over the next five years.
Therefore, if you are a prospective homebuyer, set in a dip in either top ten real estate markets is the right time to enlist the services of a real estate agent can guide you through good complicated the process home purchase.
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