Cities Where Real Estate Is Ripe For A Rebound
The folks at Local Market Monitor, a Cary, N.C.-based real estate research firm, compiled a list of cities where real estate is ripe for a rebound. They sorted through a plethora of housing and economic data for the 100 most populous cities and their surrounding suburbs, defined as Metropolitan Statistical Areas and Metropolitan Divisions by the U.S. Office of Management and Budget. LMM assessed home prices over the past 12 months, unemployment rates, 12-month job growth projections, population increases and new-home construction rates. The results found that the best areas are San Jose, California, Houston, Texas, and Raleigh, North Carolina.
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