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Best Places for Home Bargains

Posted Feb 13, 08 2:13 PM CST in US 

(Newser) – Certain housing markets are better than others for bargain-hunters, Forbes reports, and they're generally the ones with a glut of homes, strong job growth, and a low rate of foreclosures. Forbes rattles off its top 10:

  1. Salt Lake City: highest job growth in the country, and low foreclosure
  2. Raleigh, NC: expanding economy keeps homeowners in the dough
  3. Orlando: sleepier than South Florida hotspots, so not as hard hit by the crunch
  4. Charlotte, NC: excess inventory and an influx of transplants from the North

  1. Phoenix: high foreclosure rate offset by growth and population boom
  2. Seattle: weak dollar makes bucks at the port, offsetting dip in home prices
  3. Las Vegas: scarily large inventory, but always a magnet for business
  4. Jacksonville, Fla.: like Orlando, passed over by speculators
  5. Richmond, Va.: not too many houses, but not too many foreclosures, either
  6. Houston: historically good prices, and enough inventory to bargain

Source Forbes

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USA. Salt Lake City, Utah. 1982. A man and child walk across a floor map of the world at Salt Lake City International Airport. (NYC26661)   (Magnum Photos)
Downtown San Francisco   (© Kevin Lawver)
A for sale sign stands in front of a bank-owned home in Las Vegas in Las Vegas, Friday, Feb. 8, 2008. In states hardest-hit by the housing bust, foreclosed homes represent a growing share of homes sold,...   (Associated Press)
Of the major metros in the U.S., Salt Lake City is adding jobs faster than anywhere, according to Forbes. The economic boom in SLC has drawn residents from all over the country, and more than a few home...   (Magnum Photos)
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