Top US Cities to Buy Homes
Although the real estate market seems to be in a downward trend and foreclosures are at an all time high, we also have a climbing unemployment rate, mostly due to companies moving out of the country to save on their operating expenses. There still are some US cities that are hot spots, today, to purchase real estate.
Wenatchee, Wash is the hottest growing city in the US right now. Home values are up by 23.5% and the median home price is $238,900. This increase is due to a large number of retirees moving to that city and that has increased the demand for homes, which in turn pushes the prices up. Next is:
Salt Lake City, Utah at a rate of 16.9% and the median price is $233,100 and the cause of this is a booming Tech industry that has created many jobs, and has people relocating here for gainful employment. The high supply of jobs has pushed up the demand for homes and up goes the values. Following close behind is,
Grand Junction, Co at a rate of 14.3% and a median price of $217,000 they have had an increase in the Energy industry and have drawn many people there for the industry jobs. You have the same type of situation here and an increase in jobs, means more homes are needed and the price and value increases. And then,
Seattle, Washington with an increase of 9.9% and median price of $395,300 are experiencing a post tech bubble and have had an increase in new residents.\r
And finely we have,
Wilmington, N.C that rate there is growing by 9.1% and the median price of $272,000.\r
This is a great place to live, and with more people moving there, they experience a steady increase in demand for homes and prices. They are experiencing the fastest growing population in the whole country.
These are all great places to buy real estate, at the moment, The real estate market is ever changing and you need to keep up with all that is going on, if you are looking to relocate, retire, or invest in real estate.
For further details, please visit First Release Homes
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