Comeback Cities: Top Places Ready for a Rebound
The oldest rule of investing: Buy low, sell high. With some housing markets bottoming out, now could be a good time to get ready to make money on the slowdown, says Business 2.0 magazine, which has worked with Moody’s Economy.com to identify 10 major metropolitan areas that are coming back to life after a slowdown.
Annual Home Price Appreciation Trends:
Georgia vs. U.S. and Other Markets
Georgia’s home price appreciation rates continue to remain stable in comparison to the rest of the country.
The following is a list of the 10 metro areas identified by the magazine, including their projected median sales prices for single-family homes and the percentage of growth expected in the next two years. While the numbers are moderate, they are a huge improvement over what’s been happening in these cities and others, the magazine notes.
| 1. Dallas–Fort Worth Q1 2008: $151,930 Q4 2009: $161,690 Growth rate: 6.4 percent |
2. Indianapolis Q1 2008: $122,940 Q4 2009: $130,630 Growth rate: 6.3 percent |
3. New Orleans Q1 2008: $153,850 Q4 2009: $162,600 Growth rate: 5.7 percent |
4. Atlanta Q1 2008: $177,750 Q4 2009: $187,640 Growth rate: 5.6 percent |
| 5. Montgomery, Ala. Q1 2008: $140,020 Q4 2009: $147,690 Growth rate: 5.5 percent |
6. Memphis Q1 2008: $143,550 Q4 2009: $150,730 Growth rate: 5 percent |
7. Mobile, Ala. Q1 2008: $134,580 Q4 2009: $140,920 Growth rate: 4.7 percent |
8. Austin, Texas Q1 2008: $186,350 Q4 2009: $195,060 Growth rate: 4.7 percent |
| 9. Houston Q1 2008: $154,850 Q4 2009: $161,910 Growth rate: 4.6 percent |
10. St. Louis Q1 2008: $143,920 Q4 2009: $149,710 Growth rate: 4 percent |
From: Daily Real Estate News, September 25, 2007
