Best Places for Home Bargains

Plenty of opportunity exists for money-minded buyers, Forbes says
By Harry Kimball,  Newser Staff
Posted Feb 13, 2008 2:13 PM CST
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)
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(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