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Five Seller's Market Cities That Defy Housing Slump
By
M Siddique
Article Word Count: 304 [View Summary] Comments (0) |
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If you have a home for sale, odds are you're in a tight situation. United States home prices keep falling and inventory rates are through the roof. Moreover, the ensuing mess of subprime loans and the tightening of lending standards have virtually diminished the group of eligible buyers.
However, not every U.S market is in such disarray. Fortunately, there are still some seller's markets left in cities around the country. According to realtors' data from Moody's Economy.com, a list of hot seller's market cities is compiled below.
1. Raleigh, N.C. - Moderate growth and regimented building over the past five years has prevented the market from developing a considerable excess. Additionally, a solid local economy has helped stabilize city's vacancy rate at 1.6%.
2. San Francisco, C.A. - The geography of the city has allowed little space for new growth, development, and construction, which has essentially stabilized the market.
3. Austin, T.X. - A seller's market that has good home-price appreciation figures with a low vacancy rate and a housing market at close to full capacity.
4. San Antonio, T.X. - Affordability and low vacancy rates have kept San Antonio's market strong.
5. St. Louis, M.O. - Although market price growth may not be stellar, St. Louis's housing market has proven to be the most consistent over the past few years, marking it as a top seller's market in the U.S.
In other articles we have discussed, not letting your emotions get in the way of looking at the numbers and cities. Here, we are alerting you, to while keeping the location objective, don't forget whether you like or don't like the place. Being all about the numbers, location and nothing about your personal satisfaction is a good way to be penny wise and pound-foolish.
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Siddique is real estate investor for over 22 years and President of ButterFlyLister. This article first appeared on http://www.butterflylister.com - a leading real estate website with a comprehensive property listings with owner financing and lease to purchase options. Now Sellers can sell their homes at full price in any market. Launched in 2007, ButterFlyLister now offers Home Listing service throughout the united States for buyers and sellers. ButterFlyLister attracts thousands of buyers, sellers and real estate investors a month. Download Free How to sell your Home for Full Price in any market. Article Source: http://EzineArticles.com/?expert=M_Siddique |
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Article Submitted On: December 29, 2007
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MLA Style Citation:
Siddique, M "Five Seller's Market Cities That Defy Housing Slump." Five Seller's Market Cities That Defy Housing Slump. 29 Dec. 2007 EzineArticles.com. 9 Feb. 2010 <http://ezinearticles.com/?Five-Sellers-Market-Cities-That-Defy-Housing-Slump&id=901666>.
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APA Style Citation:
Siddique, M. (2007, December 29). Five Seller's Market Cities That Defy Housing Slump. Retrieved February 9, 2010, from http://ezinearticles.com/?Five-Sellers-Market-Cities-That-Defy-Housing-Slump&id=901666
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Chicago Style Citation:
Siddique, M "Five Seller's Market Cities That Defy Housing Slump." Five Seller's Market Cities That Defy Housing Slump EzineArticles.com. http://ezinearticles.com/?Five-Sellers-Market-Cities-That-Defy-Housing-Slump&id=901666