A Real Estate Blog

Best and Worst Real Estate in the United States

If you are wondering where the best and worst real estate can be found the list below will awnser your questions!

Syracuse New York is one of the best real estate areas with an estimated growth of 1.2%

Rochester New York comes in at number two with .03% growth

Buffalo New York comes in at number 4 with .01% growth

As for the real estate markets to stay away from - check out the list below.

Providence Massachusetts is expected to have -2.1%

Nassau-Suffolk New York is expected to have  -5.7%

Edison New Jersey is expected to have -3.1%

I would defiantly stay away from the last three places I just listed. If you can aim for the top three places listed if you are going to attempt to purchase a home in this economy. My advice is to hold on to your money until we see greater positive changes :)

The Top 5 Most Exspensive Cities

Which cities are the most overpriced cities to live in? With high housing prices, lofty living costs and unemployment rates among the highest in the nation Los Angeles tops the list of America’s most expensive cities.

Chicago comes in at number two with a 9.4% metro area unemployment rate and the cost of living trailing only Los Angeles and New York. But you do not get to enjoy sunny beaches like you can in Los Angles - this is the windy city! Chicago has both extreme summers and winters.

Coming in at number three is Miami. Which again at least this city can offer sunny beaches and warm weather.

Number four is New York City… you guessed it! With New York’s high costs and an 8.8% unemployment rate the odds are not in anyone’s favor. Even people with the earning power of a bachelor’s degrees–$69,200 per year, on average, according to PayScale.com–still not enough income to bridge the gap.

Cleveland comes in at number five with high unemployment rates and low average salaries.

If you have the choice be sure to steer clear of these areas…unless you make enough money to live happily anywhere you choose ☺

All written material is Copyright - 2009 by: Local Area Markets: Real Estate Blog