Top 10 Real Estate Bubble Blowers
Bubbles? No! Not Here! Today Bankrate.com gives three interesting top 10 list - top 10 real estate market that will continue to soar, top 10 real estate market with little room to run and top 10 real estate market which will see bubble burst. First is the top 10 real estate market which will still see appreciation:
- Boise, Idaho: ranked first for the best places for business and a career.
- El Paso, Texas: the most undervalued market in the nation.
- Albuquerque, New Mexico: listed as the market that should experience growth in the next two years
- Seattle, Washington/Portland, Oregon: low supply with high demand.
- Salt Lake City: stable economy and steady job growth; ranked 20th out of 100 as the market for growth over the next two years.
- Raleigh, North Carolina: below national average housing price and the last place on the list of markets that may have housing bubble.
- Philadelphia: stable price appreciation with housing-cost-to-income ratio at 31% compare to 72% in New York City and 53% in Washington, D.C.
- Atlanta: home to major corporations, busy airport and second-largest housing market with steady appreciation.
- Little Rock, Arkensas: below national average housing price with steady appreciation of 7.7% from 2004 to 2005.
- Cincinnati, Ohio and Birmingham, Alabama: underperforming housing markets.
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